Tag Archives: mining

Goldman Sachs has a new explosion forecast for gold

A weaker day for stocks is brewing on Tuesday, as optimism about the US stimulus progress. The asset that stole the show on Monday, of course, was GCQ20 gold, -0.34%, which rose to $ 1,931 an ounce, the highest settlement in history. That prompted the crowd to expect $ 2,000 …

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Gold futures retrace after rising to record levels

Gold futures reversed on Tuesday, with the yellow metal slipping after a rally to record levels. With the main contract as high as $ 1,974.40 an ounce overnight, GC00 gold futures, -0.47% It fell $ 23.80 to $ 1,907.20 an ounce. China’s gold consumption fell 38% yoy in the first …

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