Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by horace5on Jul 04, 2022 2:47pm
171 Views
Post# 34799843

$1,800 Gold Price Beats Stocks, Silver, Bonds & Copper in H1

$1,800 Gold Price Beats Stocks, Silver, Bonds & Copper in H1

July 4, 2022


“Gold prices steadied above $1800 on Monday, almost flat from the beginning of 2022 against the strong US Dollar, while global markets edged higher after posting the worst first-half in more than 3 decades amid rising fears of recession, writes Atsuko Whitehouse at BullionVault.

 

Spot gold prices edged lower to $1807 per ounce after rallying $25 on Friday from a 5-month low of $1784.

 

While the yellow metal has lost 12.7% from its near-record peak at $2069 in early March – hit as Russia invaded Ukraine – gold prices have so far fallen just 0.04% from the beginning of 2022 in US Dollar terms.


‘The fact that gold was immediately bought when it fell below $1800 reflects how its safe-haven appeal is a supportive factor,’ says Bruce Ikemizu, chief director of Japan Bullion Market Association in his latest note

 

‘Wider markets are taking seriously the possibility that inflation could lead to a recession, putting selling pressure on stocks, copper, and the industrial precious metals such as platinum and silver, as well as gold.’

 

Copper prices hovered near a 17-month low on Monday after collapsing by 16% in the first half of 2022.

 

The Atlanta Federal Reserve's much watched GDP Now forecast has slid to an annualised minus 2.1% for the second quarter, implying the country was already in a technical recession in the first half of 2022.”


……


“‘[There are] increasing signs that the world economy is entering a synchronized growth slowdown,’ says a research note from Japanese financial group Nomura.

 

‘[That means] countries can no longer rely on a rebound in exports for growth and it has also prompted us to forecast multiple recessions’ including the Eurozone, the UK, Japan, South Korea, Canada, Australia and the US.

 

The MSCI World Index of global stock markets edged 0.4% higher on Monday after plunging by more than 21% in the first half of 2022, its worst such year-to-date losses since at least 1988.


New York's S&P500 index of US equities meantime closed out its worst first-half since 1970 by falling 20.6%, and the tech-heavy Nasdaq had its largest-ever January-June plunge, down 29.5%.

 

US markets are closed for the July Fourth public holiday on Monday.

 

Prices for silver, which finds nearly 60% of its annual demand from industrial uses, hovered sideway at $19.83 per ounce, after plunging below $20 for the first time in two years and recording nearly 6% drop last week.


Silver priced in the Dollar fell 13% in the first half of 2022.”


……


“Longer-term interest rates spiked in the first half but fell back as debt prices rallied hard into the end of June, pushing the yield on the benchmark 10-year US Treasury note into tumbling below 3% to record its biggest weekly drop in 4 months.”




[Read full article]


https://www.bullionvault.com/gold-news/gold-price-070420221


 

 
<< Previous
Bullboard Posts
Next >>