Economy · News reference
Between Hormuz And the Fed: Gold Smashes $4,200 as Metal Hoarding Returns
Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a key technical level.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Agnico Eagle Mines Sells El Barqueño Property To Luca Mining For $10M in Luca Shares And Up To $50M In Further Considerations
overs over 32,000 hectares, is accessible by paved and secondary roads, and is located in the State of Jalisco, Mexico approximately 100km west of Guadalajara city and proximate to the municipality of Guachinango (see
Agnico Spurns Barrick IPO, Quietly Diversifies Beyond Gold
Agnico Eagle rejects Barrick's North American IPO, opting to focus on its own growth strategy and targeted critical mineral investments.
RBC Capital Maintains Sector Perform on Agnico Eagle Mines, Raises Price Target to $225
RBC Capital analyst Josh Wolfson maintains Agnico Eagle Mines (NYSE:AEM) with a Sector Perform and raises the price target from $210 to $225.
Shares of precious metal-related companies are trading higher as bond yields and oil prices retreat, which alleviates pressure on the physical gold and silver markets.
Shares of precious metals-related companies are trading lower. Elevated energy costs, dollar strength and rising Fed rate-hike expectations are eroding the price outlook for traditional inflation hedges such as gold and silver.