MARKET WRAP: Gold stocks surge as metal reaches record high

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Portugal Notícia Notícia

Gold hits a record high as the dollar continues to struggle amid US-China tension and a surge in Covid-19 infections

Miners led gains on the JSE on Monday, with the gold index recording its biggest jump in six weeks as spot prices of the metal surpassed 2011’s high.

The gains in gold stocks came as the spot price of gold reached a near nine-year high at $1,945/oz, before pulling back a little in the early evening, as US-China relations deteriorate and the dollar continues to weaken.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Global stocks subdued, while gold soars to record highEuropean markets nurse the sting of their first weekly drop in four as the euro enjoys its fastest gains since early 2016
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Invicta Holdings writedowns exceed market capitalisationGroup wrote down R1.1bn in assets in its year to end-March, including R639m related to goodwill
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »