Newsfeeds Archive - Spark Newswire

3 minute read

Mohamed El-Erian And Bitcoin-Critic Peter Schiff Highlight Gold’s Soaring Prices And Market Momentum: ‘Just Sit Tight And Enjoy The Ride’

May 21, 10:43 PM

As the price of gold continues to soar, prominent economists Mohamed A. El-Erian and Peter Schiff are emphasizing the ongoing strength of the gold market. El-Erian highlights the significant expansion of the commodity rally, while Schiff underscores the importance of holding onto gold and silver assets amid a promising market outlook.

BTC

6 minute read

Does The Biden Administration Want To Damage The Dollar? One Of Biden’s Economic Advisors Wants To See King Dollar Dethroned

By David Pinsen

May 20, 11:23 AM

Putting More Pressure On The Dollar Over the weekend, the U.S. State Department posted about seizing Russia's sovereign assets in the U.S. and encouraging other G-7 members to do the same.

GDX

2 minute read

Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks’ Wild Ride

By Piero Cingari

May 17, 3:49 PM

Copper, silver, and gold prices surge on strong Chinese stimulus and Fed rate cut expectations, driving mining stocks to record highs.

CDE

1 minute read

Taiwan Semiconductor, Applied Materials And More On CNBC’s ‘Final Trades’

By Avi Kapoor

May 13, 9:20 AM

Taiwan Semiconductor Manufacturing Company experienced a 60% surge in April sales to 236 billion New Taiwan dollars (US$7.3 billion).

AMAT

2 minute read

Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?

By Piero Cingari

May 6, 1:33 PM

The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance

ADTN

2 minute read

Barrick Gold Maintains FY24 Outlook Despite Q1 Production Miss

By Lekha Gupta

May 1, 10:16 AM

Barrick Gold reported first-quarter revenue of $2.747 billion (+4% Y/Y), which is in line with the consensus. Gold production stood at 940 thousand ounces (-1% Y/Y), and gold sales were 910 thousand ounces (-5% Y/Y).

GDX

2 minute read

Gold Glitters On Stagflation Tailwinds: Newmont Soars 13% In Biggest Gain Post-Covid, Leads Mining Sector Surge

By Piero Cingari

April 25, 2:38 PM

Newmont outperforms expectations, sparking a rally in the gold mining industry despite weak investor sentiment. Strong Q1 performance and dividend declared.

AEM

2 minute read

Stocks Drop, Tech Tumbles With Meta’s Weak Outlook, Q1 Stagflation Fears; Gold Miners Advance: What’s Driving Markets Thursday?

By Piero Cingari

April 25, 1:30 PM

Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase

AZN

2 minute read

Why Gold Miner Newmont Shares Are Surging Today

By Lekha Gupta

April 25, 12:38 PM

Newmont reports strong Q1 results, with revenue of $4.023 billion and adjusted EPS of $0.55. Production and costs largely in line.

GDX

1 minute read

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

By Piero Cingari

April 22, 4:07 PM

Gold prices declined 2.7% in NY due to reduced geopolitical risks. Silver also fell 5.1%. Israeli officials averted a US-backed counterstrike on Iran, easing tensions. Gains were pared as Iran downplayed strikes and traders await key economic data. Mining stocks also dropped, with GDX and SIL falling over 3%.