Direxion Daily Gold Bull 2X ETF
UGLD19.2303.56% ( -0.710 )
Closed: Oct 7, 16:00:00 (EDT)Gold Prices Regain Upward Momentum, Poised to Return to Bull Market: Which Gold Stocks Are Worth Watching?
TradingKey·- Gold prices have rebounded from near $4,000 and broken key resistance, opening up potential toward $4,900 and signaling a return to a bull market. - Mining stocks can offer greater earnings leverage than gold itself, with top companies like Newmont Mining, Agnico Eagle Mines, and Wheaton Precious Metals providing distinct investment avenues. - These selected mining companies feature high profit elasticity, low production costs, strong balance sheets, or asset-light streaming models to capture gains during the precious metals upcycle.TSX Poised to End 4-Day Slump
Baystreet·- Canadian equities rose on Friday, putting the TSX on track to snap a 4-day losing streak driven by a weaker-than-expected U.S. jobs report. - The U.S. non-farm payrolls report showed the economy added 29,000 jobs in September with unemployment rising to 4.2%, boosting expectations that the Federal Reserve will hold rates steady. - Prime Minister Mark Carney announced that Canada will fast-track approval for a new West Coast crude oil export pipeline to diversify the economy.