Gold rallies to 7-1/2 year peak as virus sparks recession fears [Reuters]
Platinum Group Metals Ltd. Ordinary Shares (Canada) (PLG)
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Source: Reuters
Gold rallies to 7-1/2 year peak as virus sparks recession fears (Reuters) - Gold soared nearly 2% to hit its highest since late 2012 on Tuesday, with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge stimulus plans. Spot gold gained 0.8% at $1,727.55 per ounce by 11:07 a.m. EDT (1507 GMT), having earlier jumped as much as 1.9% to $1,746.50. U.S. gold futures rose 0.1% to $1,762.10, after hitting their highest level since February 2013 at $1,788.80. “There’s a lot of safe-haven buying. It’s the recession/depression concerns that are out there right now. The economic outlook looks pretty dire,” said Bob Haberkorn, senior market strategist at RJO Futures. “The U.S. Fed just created $2 trillion last week and other central banks around the world are doing the same; interest rates are at or near zero, there’s a lot of concern out there and it’s just a perfect environment for gold to trade up north of $2,000.” The glob
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- Update on Funding and on Repayment of Asset Based Debt Facility & General Corporate Update [Yahoo! Finance]Yahoo! Finance
- Building a platform for collaboration and climate action [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
PLG
Sec Filings
- 4/16/24 - Form 6-K
- 3/1/24 - Form 6-K
- PLG's page on the SEC website