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Stock impact report

The Zacks Analyst Blog Highlights Harmony Gold, Eldorado Gold, New Gold and Galiano Gold [Yahoo! Finance]

New Gold Inc. (NGD) 
NASDAQ:AMEX Investor Relations: newgold.com/investors
Company Research Source: Yahoo! Finance
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Harmony Gold HMY, Eldorado Gold EGO, New Gold Inc. NGD and Galiano Gold GAU. Here are highlights from Thursday's Analyst Blog: Gold Prices Increase +13.5% Year to Date: 4 Market Outperformers Gold futures for August delivery are currently around $2,343 per ounce, delivering a year-to-date rise of 13.5%. Gold is currently at two-week highs, buoyed by lackluster U.S. economic data that has led to expectations of interest rate cuts by the Federal Reserve this year. So far in 2024, gold has been consistently above the $2,000-per-ounce mark, surging to an unprecedented high of $2,449.50 in May. Several factors have contributed to this upward trajectory, including increased geopolitical tensions, a depreciating U.S. dollar, the potential for monetary policy easing and continuous purchasing by central banks. The pr Show less Read more
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