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Stock impact report

Gold on Track For Highest Levels in 7 Years

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: PR Newswire
PALM BEACH, Florida, June 24, 2020 /PRNewswire/ -- Gold typically performs well during flights from risk assets, and has seen upside momentum as a result of global concern over the potential economic fallout from the new coronavirus. Having recently surpassed the key $1,600 mark, gold prices are flirting with a seven-year high as investors continue to shore up their positions amid the world health crisis outbreak. It recently hit its highest settle since March 27, 2013, when gold settled at $1,606.2/oz. and the recent surge should continue despite positive momentum seen in global stock markets. In a recent article on CNBC.com James Gerrish, portfolio manager at Sydney-based Shaw and Partners, attributed the gold rally to strategic portfolio hedging rather than a direct response to the virus.  "While interest rates are low, you need to own stocks so you need to go out there and invest your money, but you also need to have a hedge, an alternative if things don't go so well, and I think Show less Read more
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