Gold Bullion Buoyed by Broad Risk Aversion

Source: FXstreet (3/14/11)

"Gold bullion extended Friday's late recovery in overnight trading. . ."

Gold bullion extended Friday's late recovery in overnight trading, climbing to a daily high of $1433.50/oz. before easing in the wake of the Bank of Japan's liquidity injection, which helped to calm market jitters. However, the most active contract for April delivery has remained in range to those highs ever since, lingering around $1425/oz. in early trading over North America.

The disaster in Japan has added another layer of uncertainty to an already-fragile market sentiment in light of tensions in the Middle East and North Africa, as well as re-emerging eurozone debt concerns. Investors are now pulling back from risky positions and taking refuge in safe-havens like the yellow metal, nervous that recent events could stall the recovery in Japan and more broadly across the globe.

In Europe, EU officials made what is seen as partial progress in regards to strengthening a rescue package for indebted nations in the periphery, but doubts still remain ahead of a more crucial meeting in two weeks. In particular, ministers agreed to increase lending capacity to a full €500 billion, yet poignantly rejected proposals to purchase bonds on secondary markets directly from investors.

Why Experts Like This South Dakota Stock
Source: Streetwise Reports (04/16/2024)

Dakota Gold Corp. is making waves with its promising projects in South Dakota's historic Homestake District. Read on to see why some experts like this gold stock.

Tech Co. To Provide Digital Ticketing to Vancouver Equestrian Park
Source: Streetwise Reports (04/16/2024)

Artificial intelligence (AI) and digital wallet provider firm Fobi AI Inc. signs an agreement to provide digital credentials and a newly enhanced digital ticketing platform for the Thunderbird Show Park, an equestrian event facility close to Vancouver.

Leading drone technology company Red Cat has partnered with a marine power solutions provider to enhance maritime surveillance and defense capabilities. This collaboration involves integrating advanced drones with marine power platforms to improve real-time threat assessments and situational awareness in air, sea, and subsea missions. Read more about this initiative.

Jr. Files Technical Report for Flagship Project's Resource Estimate
Source: Streetwise Reports (04/16/2024)

Metallic Minerals Corp. announced it has filed the National Instrument 43-101 technical report for its inaugural mineral resource estimate for its 100%-owned flagship Keno silver project adjacent to Hecla's mining operations in the Yukon. Find out what the company has planned for the rest of the year.

Riding the Waves: Jeff Clarks' Strategy for Profiting From Market Volatility
Source: Streetwise Reports (04/15/2024)

Jeff Clark of TheGoldAdvisor.com sits down with Streetwise Reports to explain his method when navigating the markets and shares four stocks he believes are great opportunities.