Crexendo (CXDO) Q4 Earnings and Revenues Surpass Estimates
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Avid Technology (AVID) Beats Q4 Earnings Estimates
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Capitala Finance (CPTA) Reports Q4 Loss, Misses Revenue Estimates
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3 Gold Stocks to Buy Despite Gold Prices Hitting 10-Month Low Zacks.com 3/9/2021
Gold futures for April 2021 delivery declined to a nine-month low of $1,673.30 per ounce on Mar 8. The yellow metal has lost 11% of its value so far this year due to an uptrend in the U.S dollar and treasury yields. Vaccine rollouts and strong optimism over economic recovery have also dulled its lustre.
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Gold prices dropped 6.5% in February the largest monthly decline in four years. Per the last available data from World Gold Council, Gold exchange-traded funds (ETF) lost 84.7 tons (outflow of $4.6 billion) in February. This marked outflows for the third time in four months, and the seventh worst monthly holdings loss historically. Global assets under management (AUM) now stand at 3,681 tons ($207 billion) levels last seen in June 2020.