Gold futures (GC=F) retreating on Friday but not before hitting a fresh record high. The precious metal up nearly 20% this year amid safe-haven demand...
The precious metal up nearly 20% this year amid safe-haven demand. Gold’s appeal to investors giving producers like Alamos Gold a lift. The company's CEO says John McCluskey says the company is seeing"great production across all of our assets adding that"just about the time the gold price takes off, our production's taking off and our costs are going down."
And, and that's obviously resonating with the market just about the time the gold price takes off, our production is taking off and our costs are going down.And that's exactly what we're delivering right now.I mean, the kind of strong run gold has had this year, John, just see these successive records.Well, for most of the past year, it's been driven by central bank buying and that's mostly out of Asia.
You know, it's hit 35 trillion and you know, it's growing at a record pace and I think this is, this is starting to um instill some some real fear in the minds of investors and ultimately, that is um is uh turning their attention towards gold. It's been in an uptrend really since uh it, it bottomed in 2016, things turned around for gold in 2017 and it's been heading in an uptrend since.But in point of fact, uh you know, gold is uh in a solid uptrend and I, I think we're gonna see, you know, levels like 2650 at least by the end of the year.
Talen Statement on FERC’s Issuance of a Deficiency Letter Regarding Susquehanna ISA and New Generic Proceeding Initiating a Commissioner-led Technical Conference
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