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Paulson & Co. Adds Alphabet, Exits Agnico Eagle Mines, Among Q2 Moves
Americas Gold And Silver Rides Stronger Metal Prices To 71% Revenue Surge
Americas Gold and Silver Corp. (AMEX:USAS) stock traded higher Friday after the company reported second-quarter results and maintained its full-year production guidance.Earnings Miss Estimates As
Americas Gold And Silver Q2 EPS $(0.02) Misses $0.02 Estimate, Sales $46.000M Miss $69.612M Estimate
Americas Gold And Silver (AMEX:USAS) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.02 by 200 percent. This is a 60 percent increase over losses of $(
Gold bulls catch their breath again as two key thresholds loom; is the pressure from high interest rates waning?
Following gold's surge, market participants are hesitant to chase the rally blindly. The upcoming release of the Producer Price Index (PPI) and the Jackson Hole Symposium serve as key litmus tests. State Street strategists anticipate sufficient room for further short-term gains in gold prices, with a year-end target of $5,000.
The Bank of Korea purchased gold assets for the first time in 13 years, with potential for further accumulation.
According to BlockBeats, on August 13, the Bank of Korea purchased gold-related assets for the first time in 13 years to hedge against geopolitical and economic uncertainties. According to a filing with the U.S. Securities and Exchange Commission, the Bank of Korea held 679,765 shares of SPDR Gold Shares as of the end of the second quarter, valued at approximately $250 million. The filing showed that three months prior, the central bank held no shares in the world’s largest physical gold-backed ETF. The Bank of Korea stated that this investment marked its first purchase of gold-linked assets since 2013.
Citi takes a bold bullish stance: Silver prices are expected to reach $90 per ounce in the next 6–12 months.
Citi reaffirmed its strong bullish stance on silver on Wednesday, forecasting that prices could rise to $90 per ounce over the next 6 to 12 months. This outlook is driven by investment demand stepping in to offset weakening industrial usage, contingent upon a de-escalation of the Strait of Hormuz crisis and a dovish pivot by the Federal Reserve.