Gold Prices Hold Steady Amidst Burgeoning Manufacturing Activity
Gold Fields Limited American Depositary Shares (GFI)
US:NYSE Investor Relations:
goldfields.com/investors.php
Company Research
Source: PR Newswire
NEW YORK, March 19, 2021 /PRNewswire/ -- Gold prices held steady on Thursday, at round USD 1,720 an ounce. Additionally, the Philadelphia Federal Reserve showed growing momentum in the region's manufacturing sector. The index for current manufacturing activity in the region jumped from a reading of 23.1 in February to 51.8 this month, its highest point in nearly 50 years. Nearly 59% of the firms reported increases in current activity this month (up from 35% last month), while only 7% reported decreases (down from 11%). Currently, traders take into consideration the outlook for economic growth and the low interest rates, which will also have an impact on the precious metal's price. While positive for the gold market, the increased manufacturing activity is also coming with higher prices, indicating further inflation pressures. Exploits Discovery Corp. (CSE: NFLD) (OTC: RNRRF), McEwen Mining Inc. (NYSE: MUX), Gold Fields Ltd. (NYSE: GFI), Equinox Gold Corp. (NYSE: EQX), IAMGOLD Corporat
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Sec Filings
- 4/4/24 - Form 6-K
- 4/2/24 - Form 6-K
- 4/2/24 - Form 6-K
- GFI's page on the SEC website