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Stock impact report

Gold Prices Climb as Investors Remain Fearful of What's to Come

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: PR Newswire
NEW YORK, May 14, 2020 /PRNewswire/ -- The price of gold futures climbed on Wednesday to once again cross the USD 1,700-an-ounce mark. Gold prices are influenced by current economic concerns, a result of protective measures taken to help fight the pandemic. Currently, traders take into consideration the outlook for economic growth and the expected possibility for negative U.S. interest rates, which will also have an impact on the precious metal's price. However, the Federal Reserve chairman, Jerome Powell, indicated that negative interest rates is not something the agency is looking at. "This is of special interest to precious metals traders as the knock on investing in gold has been that it offers investors no dividend," explained Jim Wyckoff, Senior Analyst at Kitco.com, in a daily note according to MarketWatch. "Interest rates at or below zero would work to eliminate the 'opportunity cost' associated with owning precious metals." Vizsla Resources Corp. (OTC: VIZSF) (TSX-V: VZLA), F Show less Read more
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