Spurred in part by expectations for a post-pandemic economic rebound, as well as concerns over future inflation due to fiscal and monetary expansion, several advisors chose metals and mining stocks as potential winners in 2021.
Gold. It's amazing the power it holds on our society. The California gold rush in the late 1840s and early 1850s has been the stuff of lore (if you have a
The Australian Bullion Company (ABC Bullion) is Australia's leading precious metal and gold bullion specialist. We have been trading continuously for 40 years. Since 1972, we have offered investors like you the widest range of investment-grade gold and precious metals in Australia.
Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving average and is close to erasing its 2015 losses.
Gold prices have posted slight losses on Friday, following sharp gains in the Thursday session. The base metal is trading at a spot price of $1262.70 an ounce in the European session. Gold initially dropped after the ECB announced new easing measures on Thursday, but recovered and posted gains after ECB head Mario Draghi stated […]