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Gold Weekly Review
Gold prices eased on receding fears over U.S.-China trade war.
Chinese President Xi Jinping promised to lower import tariffs on certain products, helping fears over an escalating trade row with the US.
All the trade war between the U.S. and China is creating demand for gold.
With Chinese investors embracing gold ETFs as a safe-haven option in case things get worse.
China’s Bosera Gold ETF is on track to see biggest gains.
It is the top third commodity ETF of 2018 so far, right behind New York-listed iShares Gold Trust and SPDR Gold Shares.
Eldorado Gold Corp.’s plans to build a new gold and copper mine in Europe.
In a recent research report, commodity analysts at Macquarie said "Gold and Silver have the best potential of all commodities in '18."
Pershing Resources Company, Inc., announced that it has signed a strategic alliance agreement with Reno based America's Gold Exploration Inc.
According to this agreement, America's Gold will provide exploration and project management consulting services to Pershing Resources.
Pershing Resources will, in turn, provide fundraising and business consulting services to America's Gold.
Perseus Mining- announced that it began commercial production at its Sissingué gold mine in Côte d’Ivoire where first gold bullion was produced in January 2018.
Gold Fields has signed a deal to form a 50:50 incorporated joint venture (JV) with Canadian mining firm Asanko Gold in Ghana.
The agreement will see a subsidiary of Gold Fields acquire a 45% stake in the Asanko gold mine (AGM) in Ghana, as well as associated properties and exploration rights for a total consideration of $185m.
Gold production at Sukari mine recorded 124,296 ounces during the first quarter of 2018, with an increase of 14 percent compared to the same quarter of 2017, according to Centamin Company.
OZ Minerals said that it had received approval from the South Australian government to go ahead with the A$916 million (roughly $704m) Carrapateena copper-gold project.
Once, out of stupidity, I decided to take up gold futures. The most high-risk and speculative way of investing is considered to be gold futures. Futures is the buyer's obligation to purchase a certain financial instrument or commodity from the seller at a pre–agreed price in the future. If, when executing a futures contract, the market price of the goods is higher than specified in the contract, then the difference is the buyer's income and the seller's loss. If the futures rate is lower, than the seller will already receive a profit. It's good that I got the opportunity to invest in gold competently with the help of professional advice on investing in gold.
Last edited by randabawa; 04-18-2022 at 04:16 AM.
Yes, this trade instance is very volatile. Also, many companies greatly expand the spread of gold. I am rarely trading gold, although the ForexChief broker, where I trade, provides good trading conditions for trade in these instant. But I prefer
Originally Posted by randabawa
Once, out of stupidity, I decided to take up gold futures. The most high-risk and speculative way of investing is considered to be gold futures.
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