How was the performance of gold-related equities this week?

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Gold had a rough week and was pushed to the $1750 resistance line. The labor market numbers give investors a good feeling about the overall post-COVID recovery. As long as people feel that their purchasing power is only temporarily shrinking, gold is less in demand as a safe haven. One should not lose sight of the fact that gold is at a very good price level, especially with regard to gold producers. The entire sector has suffered particularly this year and has been pushed down by a real sell-off. Even though the short-term outlook seems to be less good, the long-term fundamentals are betting on a rise in the price of gold and gold-related equities. How did gold-related equities perform this week?

Gold Related Equities Performance

Data from https://finance.yahoo.com, Period: 13.09.2021-17.09.2021

Top 3 Performer:

Equinox Gold Corp. (NYSE: EQX): Equinox Gold Corp. is a Canadian gold producer headquartered in Vancouver, Canada. Equinox operates in North and South America. Equinox has evolved from a single asset producer to a multi-asset producer within two years. Equinox Gold’s vision is to produce one million ounces annually.1

Kirkland Lake Gold Ltd. (NYSE: KL): Kirkland Lake Gold Ltd. is a senior gold producer headquartered in Toronto, Canada, and operating in Canada and Australia. Production target for 2021 is 1,300,000 – 1,400,000 ounces of gold.2

Northern Star Resources Limited (ASX: NST): Northern Star Resources Limited is a global gold company based in Australia. The company operates in Australia and North America.3

Article Source:

  1. https://www.equinoxgold.com/company/profile/
  2. https://www.kl.gold/about-us/default.aspx
  3. https://www.nsrltd.com/about

The data mentioned here in this article are freely chosen by Naturaldeposit, without the influence of any third party.
The article is for informational purposes only and should not be considered investment advice or a recommendation to invest in any security or to use any investment strategy. Although we assume that the information contained herein is reliable, we do not guarantee its accuracy, completeness, or typographical errors. Our content may not be appropriate for all investors. The data in our content is reflected as of the date o
f publication and is subject to change without notice.
The data is by no means intended to be a full analysis of all relevant facts relating to any country, region, market, industry, investment, or strategy.

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