Montag, 1. August 2016

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochen-Rückblick. Die kanadischen Börsenplätze sind heute aufgrund eines Feiertags (Civic Holiday) geschlossen.

The Weekly Dig
Mick Carew, PhD,
Haywood Mining Team

Gold Price Rises as U.S. Rates Unchanged and Presidential Campaign Heats Up

§  As expected, U.S. interest rates were held steady, as continued global economic uncertainty weighed on the minds of the Federal Reserve’s board members. Following the announcement, a statement from the Federal Reserve suggested a somewhat positive outlook for the U.S. economy, stating that "near-term risks to the economic outlook have diminished" and the job market is "improving". The Fed's decision was not unanimous, however, as one of the 10 board members voted to raise the rate but was outnumbered. Nevertheless, expectations of a rate hike before the end of the year appear to be gathering momentum. The week also saw Hillary Clinton accept the Presidential Nomination for the Democratic Party; with both candidates now confirmed, the stage is set for a fiery campaign leading to the November election. On the back of both announcements, and worse than expected GDP numbers, the price of gold gained 2% for the week and finished at $1,357 per ounce. Gold equities rose accordingly, with the S&P/TSX Global Gold Index regaining much of the losses incurred nsince hitting a multi-year high of 277 on July 11. The Index rose 7% for the week. Meanwhile, the S&P/TSX Venture Composite Index continued its steady rise towards the 800 mark, up 3.5% to finish at 796 on Friday. Silver, Platinum and palladium were also higher, finishing at $20.40 (á3.5%), $1,148 (á5.7%) and $709 (á3.4%) per ounce respectively. Base metals were mixed; lead (â0.8%) was down, while copper (á0.1%), nickel (á2%) and and zinc (á0.1%) rose to finish at $2.23, $4.80 and $1.02 per pound. WTI prices fell 7%, while the UxC Weekly Spot Price of uranium was up (á4.5%) closing at $26.13 per pound on Friday.

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