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Stock impact report

Metals Stocks: Gold scores strongest streak of gains in 2 years [MarketWatch]

Platinum Group Metals Ltd. Ordinary Shares (Canada) (PLG) 
Company Research Source: MarketWatch
Gold scores strongest streak of gains in 2 years Gold futures marked a 10th straight climb on Tuesday, the longest streak of gains in two years, with prices at their highest finish since 2013. Haven demand for the metal boosted prices as investors weighed the prospects for further escalation in Mideast tensions. “The latest spike in gold prices is being driven by the sudden escalation in US-Iran tensions, which is hitting world stock markets and leading investors to seek shelter,” said Adrian Ash, director of research at BullionVault. However, “underlying demand for gold had already turned higher in 2019, most especially among investors in the Eurozone, where negative interest rates are forcing savers and investors to find better homes for their money than bank accounts or debt investments,” he said, as he presented data showing that BullionVault clients grew their holdings by 0.7% in December to a new record of 39.3 metric tons. On Tuesday, February gold GCG20, +0.31% on Comex add Show less Read more
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