52.2 F
New York
Monday, October 26, 2020

Why the gold is the market’s favorite?

Must read

Sierra Metals Inc. (AMEX:SMTS) is Holding Steady

Sierra Metals Inc. (SMTS) shares are trading at lower $1.97 and the avg recommendation for the stock is Moderate Buy. To add more color...

The Forecast Just Changed on Atlassian Corporation Plc (NASDAQ:TEAM)

Atlassian Corporation Plc (TEAM) shares are trading at lower $203.08 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Xcel Energy Inc. (NASDAQ:XEL) Recent Earnings Shows Major Concern

Xcel Energy Inc. (XEL) shares are trading at lower $71.41 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Urban Outfitters Inc. (NASDAQ:URBN) is Waving the Bull Flag

Urban Outfitters Inc. (URBN) shares are trading at higher $24.64 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Today we have seen the huge appetite for a gold that reminded us the situation two years ago, in times of crisis.
Gold is always a steady investment that can save money during the uncertain situation at the market. Future of Comex went high.
The ounce of the Spot gold cost 1,371.40 dollars this day. It is the highest price since spring 2014. An ounce of the Comex gold climbed 0.7 percent and was sold by 1,368.80 dollars.
Analysts believe that gold has always was in demand, and after the Brexit decision, it increased the value of this metal.
Savings of the Gold Trust Company climbed to 31.6 million ounces. It is the biggest their catch during three years.
The love to gold rose after the official announce from three big property funds in Britain. They have stopped trading for 24 hours.
While the gold is at its peak, futures of oil lose the profit. June was the month with the highest ranks of oil, according to the OPEC data.
Yesterday Brent has lost 4.3 percent, and today was steady with 47.97 dollars per barrel. WTI lost 5 percent, and today was offered by 46.61 dollars.
While the traders afraid of the new consequences from Brexit, American dollar is strengthening.

Latest article

Genpact Limited (NYSE:G) Stock is Soaring, Here is Why

Genpact Limited (G) shares are trading at higher $36.98 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Microchip Technology Incorporated (NASDAQ:MCHP) is Holding Steady

Microchip Technology Incorporated (MCHP) shares are trading at higher $112.52 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Rising for Sysco Corporation (NYSE:SYY)

Sysco Corporation (SYY) shares are trading at higher $65.21 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Agenus Inc. (NASDAQ:AGEN) is Gaining Momentum on Earnings Catalyst

Agenus Inc. (AGEN) shares are trading at higher $4.08 and the avg recommendation for the stock is Strong Buy. To add more color to...

The Rejuvenation of Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation (COST) shares are trading at lower $375.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...