Articles Tagged "Barrick Gold"

Stocks Soar as Gold Breaks $1,260

Gold – Gold stocks were on a tear Thursday morning as the yellow metal broke $1,260 following the Swiss National Bank's decision to remove a cap on the Swiss franc. The surprise move, which essentially decouples the currency from the euro, sent the euro and dollar dropping against the Swiss franc, and has boosted demand for gold as a safe haven.

Canadian Stocks Stronger as TSX Reaches Seven-week High

After sinking to an eight-month low in October, the main stock index on the TSX rose to a seven-week high on Tuesday, with nine of 10 sectors on the index recording gains. According to The Globe and Mail, the index has actually gained for five weeks in a row. That's the longest streak of weekly gains since March.

More Mergers Needed to Improve Gold Space, Fidelity Investments

Gold – Bloomberg reported that Joe Wickwire, who manages more than $1.8 billion of assets including the Fidelity Select Gold Portfolio, stated that more mergers in the gold space would help improve the industry overall. He said that combining companies could "help eliminate their respective unprofitable operations," while stronger producers could pick up high-quality assets held by weaker companies.