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Stock impact report

Gold Shows ‘Resilience' as Eyes Turn to Size of Fed's Rate Hike [Business News Network (BNN) (Canada)]

Yamana Gold Inc. Ordinary Shares (Canada) (AUY) 
Last yamana gold inc. ordinary shares (canada) earnings: 4/30 07:15 am Check Earnings Report
Bullion, which hovered above $1,700 an ounce for the first half of September, plunged below that mark last week. While it has since steadied, a move by the Fed on Wednesday to bump up rates by as much as 100 basis points to counter rampant inflation could trigger another slide in the non-interest bearing precious metal. Gold is “demonstrating resilience” ahead of the Fed's interest-rate decision, Yamana Gold Executive Chairman Peter Marrone said in a Bloomberg Television interview. He saw Asian buyers helping prices, including strong support from countries like India as well as China, where gold jewelry purchases have been crimped by Covid outbreaks. Longer term, bullion enthusiasts at the annual Denver Gold Forum this week are optimistic. Prices will reach $1,806.10 an ounce by year-end, according to the average estimate in a survey of 10 participants at the industry's biggest annual gathering. The forecast is 7.8% above Monday's spot closing price, and the last time gold settle Show less Read more
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