Gold wrapped up its best annual performance in years. What comes next is idolatry surviving on unpredictable dynamics, ranging from the strength of the global economic recovery to the health of the US dollar. One of the most active sell-offs in gold futures for February delivery ended Thursday’s session at …
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United States Steel Corp. Big has agreed to acquire the remaining .10.1% stake in Big River Steel LLC for 74 million, giving the steelmaker ownership of one of the country’s newest, most advanced steel mills. Osola, Arch of the Big River. Owned by Mills, US Steel rivals Newcore Corp., one …
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By Pete Schroeder, Julie Xu * Japan unveils fresh 8 708 billion fresh economic stimulus measures * U.S. Investors stay on one side before the vote in Congress * California Travel announces new restrictions on business * Asian stock markets: tmsnrt.rs/2zpUAr4 WASHINGTON / HONG KONG, Dec 8 (Reuters) – Asian …
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Investors have focused on a surge in record gold prices, but silver rose roughly 25% in July, the metal’s second-highest recorded monthly gain, and is still undervalued compared to the yellow metal. “Silver is often called ‘poor man’s gold’ because some of the same factors that drive gold prices up …
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Do not believe the exaggeration. That’s the message from Sharmin Mossavar-Rahmani, director of private wealth management investments at Goldman Sachs, who thinks gold is too expensive and doesn’t have a clear role in the portfolios of his private clients. Our view is that gold is only appropriate if you have …
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