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.
3 Gold Stocks to Buy Despite Gold Prices Hitting 10-Month Low msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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“West Africa Gold Mining to 2024 – Updated with Impact of COVID-19” provides a comprehensive coverage on West African countries, being emerged as a hub for gold mining in African continent.
The report also provides historical and forecast data for the top three gold producing countries in West Africa including Ghana, Burkina Faso and Mali. It also evaluates the impact of COVID-19 over the gold production of these countries and production by major companies.
Gold mining in Africa has seen a paradigm shift from South Africa’s dominance to the rising importance of the West African region in the last decade in terms of production. Ghana, Burkina Faso, and Mali the top three gold-producing countries in West Africa and together accounts for 33% of Africa’s total gold production.
Gold Fields Welcomes NERSA Approval Of South Deep Solar Plant poweronline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from poweronline.com Daily Mail and Mail on Sunday newspapers.