Lates News

Gold stocks collectively rise, Harmony Gold rises over 3%, American Gold Corporation, Gold Resources, and AngloGold Ashanti all rise over 2.5%, Gold Rose Gold and Barrick Gold rise over 2%. On the news front, spot gold continued to rise and broke through $3390 per ounce. In addition, UBS Wealth Management's Chief Investment Office (CIO) published an institutional view stating that the US dollar has recently been oversold and is expected to consolidate for a period of time in the short term. In the medium term, the trend of a weak US dollar may reappear, while gold prices may receive good support from both "safe haven" demand and structural buying.