Precious Metals Weekly Round-Up: Stimulus and Closures Propel Sector

From investingnews.com

North American stimulus packages, refinery closures and positive investor sentiment broadly benefited the precious metals this week, with gold on track for its best week since 2008, climbing 6.6 percent. Gold broke past US$1,650 on Tuesday (March 24), following the US Federal Reserve massive emergency economic injection to counter the market volatility, global closures and supply chain disruptions brought on by the COVID-19 pandemic. The yellow metal fell back from the its five-day high mid-week but held above US$1,600 on renewed investor appetite for inflationary hedges. “Gold and gold stocks have bounced back ... (full story)