Page 4 - பிரத்தியேக தகவல் இல்லை கண்டறியப்பட்டது எங்கும் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Guide to Cannabis in Australia | States and Territories
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CRU: Miners Will Have to Work Harder to Prove ESG Credentials
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Gentile explained that given the high level of debt in the US, the country would be insolvent if interest rates were to rise using round numbers, he said he expects the country’s debt to rise to US$30 trillion after President Joe Biden’s recently approved US$1.9 trillion stimulus plan.
“The governments have too much debt. They want to create inflation, but they can’t afford (to have) the rates go higher. So that’s a really exciting cocktail for gold that investors I think are missing right now. If you suppress rates at 1 or 2 percent, and inflation goes to 4 or 5 (percent), you’re going to have negative real rates of 3 percent, which is the most bullish thing you could possibly have for gold,” he continued.
Ian Ball: Gold Price Should be Higher, Better Days Ahead
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Last week’s top-gaining mining stocks on the TSXV were St. James Gold, Avanti Energy, Sokoman Minerals, Decklar Resources and Stinger Resources.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) ticked up last week, rising from 932.38 at the start of the week to close on Friday (March 12) at 981.52.
Data released on Friday shows that Canada added 259,200 jobs in February, which was more than expected. Meanwhile, the country’s unemployment rate fell by 8.2 percent.
“While the labour market still has a long ways to go, we believe that the Bank of Canada will have enough confidence in the recovery by mid-April to taper gross purchases in its quantitative easing program,” Royce Mendes, senior economist at CIBC Capital Markets, told the Financial Post.