During the coronavirus pandemic, the gold industry is producing huge gains. It is affecting many other industries around the globe. The precious metal prices have been on the rise for the past eighteen months, resuming
The precious metals has been seeing gains along with the US stock market. A weaker US dollar index has also supported precious metals market bulls. June gold futures increased by $34.10 an ounce at $1,722.60.
A couple of prominent shale producers said that oil at around $30 might be enough to revive shale activity. Diamondback Energy Inc is going to curtail production by 10% to 15% this month. Parsley Energy
Copper giant, Peru Copper Inc. will slowly ease restrictions on key industries including mining and construction in May, according to the decree of the Government of Peru on Sunday. Production activity had been practically paralyzed
According to Richard Hayes, the CEO of Perth Mint, the gold outlook is upside since the world is facing a possible second wave of the Coronavirus outbreak. The gradual easing of all the restrictions and
The negative price of crude oil in Cushing, Oklahoma, was caused by an apparent widespread forecasting error. Financial investors in crude oil futures did not predict the quarantine nor its consequence. They had no idea
Weaker dollar overshadowed optimism, and gold prices climbed higher on Wednesday. Meanwhile, investors awaited the Federal Reserve’s decision later in the day. Spot gold climbed 0.1 % to $1,709.83 per ounce. US gold futures gained
Dmitry Peskov, a spokesman for the President of Russia’s office, said that Russia could tolerate meager oil prices. The country has an excellent ability to maintain itself for a period of declining oil prices. However,
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