Recent News

Gold prices move higher despite a rising dollar

July 24, 2021

Gold prices moved higher in  Thusday’s trading session despite a rising dollar. The decline in U.S. yields provided support for the yellow metal.  Reports of unexpected rise in U.S. Jobless Claims saw the dollar rebound from session lows. U.S. Yields moved lower followed. Fears of the new Delta variant of covid saw August gold contracts go up US$4 at US$1,809.90 an ounce. This hel...Read More

As oil falls and inflation fears rise gold stocks look attractive on valuation

July 21, 2021

Gold remans stable amid higher inflation. After the surge in May, the consumer price index surged 0.9% in the last month, following a 0.6% jump in May. This was the largest one-month change since June 2008, during the Great Recession. Naturally, this has caused a lot of unease among investors and corporations looking to hedge against the negative effects of inflation. Gold prices a...Read More

Silver miners expected to rally strongly on the back of multiple drivers

July 21, 2021

As inflation fears continue to mount, more attention is being focused on the precious metals industry. Silver has been doing better than gold in recent years, considering the metal’s dual use as both a precious and industrial metal These recent months of elevated and increasing prices exacerbated by price plunges due to the COVID-19 pandemic saw inflation reaching 3.8%, its highest in 30 ye...Read More

Bullion prices fall, investors remain bullish on gold stocks

July 02, 2021

Bullion prices edged down in Thursday’s trading session and are on track for their biggest monthly decline since November 2016. But despite the tumble in bullion prices over the past week, investors remain bullish on gold stocks and, specifically, on the mining stocks of Canadian junior gold miners. Some individual mining stocks are registering gains as are gold and silver mining ETFs,...Read More

Higher bullion prices offset gold bearish pressure

June 25, 2021

Canada's main stock index futures rose on Thursday supported by higher bullion prices. A survey showing domestic exporter confidence has hit its best level in more than 20 years came after gold prices continue to face under pressure of a downward correction. Although the yellow metal still hasn’t settled above the psychological resistance of $1,800 an ounce again, the current support levels...Read More

Analysts Expect Silver And Mining Stocks to Gain on Demand

June 17, 2021

Silver futures for July 2021 delivery closed at $28.04 an ounce on Jun 14. This shows a 5% gain so far this year. Notably, this marked the highest level since August 2008 on data of the ongoing economic recovery and low base effects due to the pandemic. Silver prices have averaged around $26.60 per ounce since the start of 2021. According to the Silver Institute, silver prices will average around...Read More

As Gold price fall from 5-week high, will gold stocks trade under pressure this week?

June 12, 2021

Futures for Canada's main stock index fell on Wednesday on weakness in gold prices. Gold prices hovered near the key $1,900 per ounce level, helped by a weaker dollar and U.S. bond yields. Spot gold was up 0.1% at $1,899.28 per ounce, as of 0059 GMT. Prices have risen 0.5% so far this week. Commodity prices traded weak for the week except Crude oil. Increasing inflation in the United States, coup...Read More

Gold Miners React to Boost in Gold Prices

June 05, 2021

As gold reacted positively to changes in U.S. Treasury yields, gold stocks trended higher than gold. It wasn’t until Tuesday’s trading session that gold prices started falling after a strengthening U.S. economy suggested the possibility of a rate hike. The August gold contract was down US$36.60 at US$1,873.30 an ounce and the July copper contract was down 13 cents at US$4.46 a pound....Read More

Gold prices rally amid crypto crash and inflation concerns

May 26, 2021

The price of gold is reached its highest level since January on Tuesday as it inches close to erasing this year's decline. Investors are turning bullish on the precious metal on fears about a weakening US Dollar and a crash in bitcoin and other cryptocurrencies. Gold continues to face resistance from the $1,900 level, and is currently trading at $1,883.6 per ounce. Last week the prices reached th...Read More

Junior miners poised to reap benefits of surging silver market

May 21, 2021

Silver price is surging on higher industrial and safe-haven demand. On Friday, silver price edged higher as a reaction to the stagnation of April’s retail sales. Analysts expected a reading of 1.0% compared to March’s 10.7%.  Despite fears over rising inflation in the U.S., silver is gaining strength on the reopening of economies and shift towards the green economy. The surge in...Read More

Will gold miners' profit rise on higher gold prices?

May 13, 2021

Futures for TSX rose on Monday as gold prices gained on low interest rate hopes. A rising inflation followed a cyberattack on a U.S. pipeline operator due to supply concerns. Spot gold XAU was up 0.46%, reaching $1,838.4 per ounce. This is its highest since Feb. 11 at $1,842.9. U.S. gold futures GCv1 gained 0.5% to $1,840. GOL/. As lockdown starts to ease, many mid-tier...Read More

Gold miners remain optimistic about Trajectory of Gold Prices

May 07, 2021

Monday’s trading session saw futures for Canada's main stock edge higher on rising gold prices. As investors wait for a reading on factory activity data and earnings update, it is still early to discuss the pace of economic recovery in Canada and abroad. Gold futures GCc2 gained 0.7% to $1,780.1 per ounce, helped by a pullback in the U.S. dollar and Treasury yields while worries o...Read More

Are Silver Prices Set to Soar This Year

April 28, 2021

Analysts continue to view silver as one of the most undervalued asset classes.  With plenty of reasons for the price to climb as high as $50, now is the time to invest in the best silver stocks to buy. After testing the $24 resistance level several times, silver prices have now settled at $26.57 an ounce on Wednesday. An improvement in investor interest can potentially fuel silver&rsquo...Read More

Gold Miners Poised for More Upside as Gold Prices Rise

April 23, 2021

Canada’s main index TSX rose on Friday, supported by higher oil and gold prices. Spot gold was up 0.2% at $1,786.87 per ounce by 0332 GMT, positioning gold for a 3rd weekly gain, up 0.6% so far this week. The yellow metal’s appeal enjoyed a boost after U.S. President Joe Biden's proposal to hike capital gains tax weighed on U.S. Treasury yields. A weaker dollar also and uncertainty ab...Read More

TSX rises on higher gold prices, helping gold miners keep momentum

April 16, 2021

Canada's main stock index TSX rose on Thursday, driven in part by rising gold prices against lower US Treasury yields and a weaker dollar. One of Canada’s major gold miners Barrick Gold Corp also posted gains on a positive earnings forecast. Canadian gold miner Barrick Gold Corp ABX.TO rose 1.6% as it maintained its full-year outlook. Despite a fall in gold production slipped by 9...Read More

Will Gold-Silver Supply-Side Impact Future Prices

April 08, 2021

Bullion prices have been showing strong recovery from key support levels. One reason for this is the ease in US bond yields and the decline in the US dollar, which boosted buying in the safe-haven asset. Commodity prices remained firm during the previous week and the recovery in bullion prices showed some recovery in Chinese demand for the materials. The dollar index fell below the 93 mark and th...Read More

Gold's Bull Run Projected To Continue Into 2021

April 02, 2021

Despite a dip in its value, there is no slowing gold down as investors’ preferred safe asset. Even with falling numbers of COVID-19 infections, news of adverse reactions to the vaccines of AstraZeneca and Moderna continue to fuel uncertainty. The transition of power in the US has also not gone smoothly and Biden’s administration is struggling with the aftershock of the pandemic. Many...Read More

After historic profits in 2020, will 2021 hold the same for junior gold miners?

March 26, 2021

The gold market is still experiencing a slight pullback since its bullish run in 2010 and at the start of 2021 amid the global covid pandemic. This resulted in several stock indexes posting declines in late-morning trading as the energy and base metal sectors led the way lower. The April gold contract was up US$1.70 at US$1,734.90 an ounce and the May copper contract was down 12 cents at US$...Read More

Analysts are optimistic about Gold Prices in the Second Half of 2021

March 19, 2021

Canada's TSX main stock index fell on Wednesday, driven by a decline in bullion prices and mining stocks offset gains in oil prices amid an economic rebound from vaccination rollouts and a U.S. fiscal package. After hitting an all-time high in August 2020, gold stocks and gold prices are now experiencing a correction as the US, UK and other governments announced massive stimulus packages. The cur...Read More

Is Silver Becoming a Good Long-Term Investment?

March 13, 2021

With gold cooling off after peaking in 2020, investors are turning towards silver and mining stocks of silver miners as a long-term game plan. Silver has been reacting to the raw demand that’s filling its pipeline. For this reason, The Silver Institute forecasts global silver demand to rise by 11% in 2021 to reach an eight-year high. As the industrial demand is nearing a four-year high of 5...Read More

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