Wednesday, September 16, 2020

Gold suffers worst week in more than eight years (NYSEARCA:GLD)


No longer a safe haven, gold futures (NYSEARCA:GLD) publish their fourth straight each day decline to conclude their worst week since September 2011.

April Comex gold closed -4.6% to settle at $1,516.70/oz. as costs for the most-active contract misplaced 9.3% for the week.

Traders have been pulling cash out of gold in a rush to lift money and canopy losses in different falling markets, whereas the stronger greenback additionally has made the metallic much less interesting.

Among the many main gold miners: GOLD -6.5%, NEM -7.4%, KGC -10.9%, AUY -11.9%, GFI -7.8%, HMY -11.4%, AEM -9%, IAG -2.2%, FNV -6.1%.

ETFs: GLD, GDX, GDXJ, NUGT, JNUG, IAU, GGN, DUST, PHYS, JDST, UGLD, SGOL, GOEX, UGL, SGDM, BAR, ASA, RING, GLDM, DGP, GLDI, GOAU, AAAU, OUNZ





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