Gold rallies to 7-1/2 year peak as virus sparks recession fears [Reuters]
Platinum Group Metals Ltd. Ordinary Shares (Canada) (PLG)
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Source: Reuters
Gold rallies to 7-1/2 year peak as virus sparks recession fears (Reuters) - Gold soared nearly 2% to hit its highest since late 2012 on Tuesday, with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge stimulus plans. Spot gold gained 0.8% at $1,727.55 per ounce by 11:07 a.m. EDT (1507 GMT), having earlier jumped as much as 1.9% to $1,746.50. U.S. gold futures rose 0.1% to $1,762.10, after hitting their highest level since February 2013 at $1,788.80. “There’s a lot of safe-haven buying. It’s the recession/depression concerns that are out there right now. The economic outlook looks pretty dire,” said Bob Haberkorn, senior market strategist at RJO Futures. “The U.S. Fed just created $2 trillion last week and other central banks around the world are doing the same; interest rates are at or near zero, there’s a lot of concern out there and it’s just a perfect environment for gold to trade up north of $2,000.” The glob
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News
- Platinum Group Metals Ltd. Reports 2024 Annual Results [Yahoo! Finance]Yahoo! Finance
- Platinum Group Metals Ltd. and Ajlan & Bros Company for Mining Enter Memorandum of Understanding with the Ministry of Investment of Saudi Arabia as Part of the Global Supply Chain Resilience Initiative for a Proposed PGM Smelter and Base Metal Refinery inAcquire Media Monitor
- Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Well Positioned in Growing PGM Space Thanks to Flagship Project [Canadian Business Journal (Canada)]Canadian Business Journal
- Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Well Positioned in Growing PGM Space Thanks to Flagship ProjectGlobeNewswire
- Critical Metals Surge Opens Prime Opportunity for Mining InvestorsPR Newswire
PLG
Sec Filings
- 12/6/24 - Form 6-K
- 12/5/24 - Form 6-K
- 12/5/24 - Form SUPPL
- PLG's page on the SEC website