Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, "Royal Gold” or the "Company”) today announced that its wholly owned subsidiary RGLD Gold AG sold approximately 62,000 gold equivalent ounces comprised of approximately 52,000 gold ounces, 374,000 silver ounces and 1,165 metric tonnes of copper related to its streaming agreements during its fiscal 2017 fourth quarter ended June 30, 2017 ("fourth quarter”). The Company had approximately 14,000 gold ounces and 537,000 silver ounces in inventory at June 30, 2017.
Gold prices tallied a third-straight gain Wednesday, maintaining their short-term boost from political uncertainty in the U.S., as the Federal Reserve Janet Yellen’s reiterated a call for ‘gradual’ interest-rate hikes in Capitol Hill testimony.
Gold prices settled with a modest gain for a second-straight session on Tuesday, getting a boost from political uncertainty in the U.S., as investors awaited Federal Reserve Janet Yellen’s testimony to Congress this week for cues on the timing of expected interest-rate hikes.
Hong Kong and Rome, 12 June 2017: Kingsman Investment Limited and their Asian private equity fund manager, today announced the appointment of Paul Ko as Managing Director in the firm’s Hong Kong office and David Hudson as Senior Advisor based in Rome, effective immediately.
Based on the near-term outlook for real rates, as well as uncertainty over Brexit, rising populism in Europe and Trump’s trade and foreign policies, Metals Focus analysts see gold testing $1,475 an ounce this year. If so, that would put the yellow metal at a four-year high.
In case you haven’t already noticed, inflation has been creeping up since July. In February, the most recent month of available data, consumer prices advanced at their fastest pace in five years, hitting 2.7 percent year-over-year.
The European Securities and Markets Authority (ESMA) presented its recommendation to the European Commission on extending the European Alternative Investment Fund Managers Directive’s (AIFMD) passport to funds and fund managers in key jurisdictions outside of the EU. This would allow these ‘third countries’ to manage and market their funds to investors based in the EU.