- Write by:
-
Monday, May 27, 2024 - 18:45:41
-
150 Visit
-
Print
Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this week.
Hedge funds and other large speculators boosted their net-long position in Comex futures and options by 21,030 contracts in the week through May 21, according to US government data. That’s the highest since mid-April 2020.
Investors have been cashing in after Monday’s record, with the precious metal heading for its worst week this year. Still bullion is up 13% this year on the back of central-bank purchases, robust demand in Asia and conflicts in Ukraine and the Middle East that underscore its haven status.
Short Link:
https://www.miningnews.ir/En/News/628450
Zimbabwe’s state-owned Kuvimba Mining House is broadening its search for equity partners and financiers for its gold and ...
Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in ...
Canadian miner Barrick Gold’s second-quarter gold output edged up by almost 0.9% from the previous three months, helped ...
Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming ...
Mining investment in Mexico should remain largely stable in 2024 compared to last year at around $5 billion but new ...
A businessman who has been leading a push into mining by Abu Dhabi’s largest listed company has been cited for having ...
Global physically backed gold exchange traded funds (ETFs) saw the second consecutive month of inflows in June due to ...
Companies buying metal sourced from central Africa could be exposing themselves to United Nations sanctions for ...
Canada is making it harder for foreign firms to acquire domestic mining companies by imposing measures that could ...
No comments have been posted yet ...