Focus on the positive: M&A and strong metal prices in the year ahead northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.
In 2020,
gold prices were up by about 27 per cent while silver gained around 50 per cent. The Georgia runoffs will present the next key risk for gold and risk trades in general. Weakness in the US dollar continues to push gold prices higher. Low interest rate is also making gold an attractive bet and in 2021 we might see inflation coming up so that is also another positive factor for gold. Gold hit seven week high on Monday. The importance of today s gains has to do more with follow-through buying after a stellar performance yesterday, rather than traders moving in to quickly take profits. Usually after such short run up in gold, money managers and professionals quickly use the opportunity to take profit but since that did not happen, it implies that the majority of market participants are overwhelmingly bullish. The push above $1900 showed buyers in action and now needs to break $1960 on the upside.
Read more about Trading strategies for Natural Gas and Aluminum by Tradebulls Securities on Business Standard. After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback
Gold prices recently hit $1,900 but struggled to maintain the momentum and have crashed once again. Fresh restrictions from the UK triggered risk-on mode and the US dollar soared, leading to selling in precious metals. Meanwhile, data released on December 22 showed the US economy grew at a record pace in the third quarter which also helped the US Dollar. This week Gold started on a strong note as the US Congress passed $900 billion stimulus bill but Donald Trump is not willing to sign it which is creating further headwinds for precious metals. If the new virus reaches the US and infects more people, then we may see some tailwinds for Gold. Currently gold is expected to trade in range of $1850-$1900.
BY USDA | December 18, 2020
U.S. Secretary of Agriculture Sonny Perdue applauded the accomplishments made by the U.S. Department of Agriculture (USDA) over the past year.
“While this was a tough year with the coronavirus, historic wildfires, and weather damage, USDA met these challenges with a multitude of programs and services to support Americans and keep our agricultural sector running and responsive to the country’s needs,” said Secretary Perdue. “We salute our mission areas and agencies for keeping our customers front and center, serving the American people, farmers, ranchers, foresters, and producers.”
Farmers to Families Food Box Program:
USDA’s Agricultural Marketing Service (AMS) purchased $8.6 billion in food for delivery to food banks, churches, schools, community organizations, tribal organizations, and international food aid organizations through