The gold rally has eased a bit this week. Since December, Barrick Gold and Newmont Goldcorp have exhibited decent uptrends until recently.
Silver has shown a decent uptrend since December. Easing trade relations with China was one of the important factors driving silver prices.
Gold continued to rally amid rising geopolitical tensions recently. The spot gold prices crossed the $1,600 per ounce level on Wednesday.
Active gold futures have risen to their highest level since 2013 after the renewal of US-Iran tensions. Last week, active gold futures rose by 1.1%.
Recent research has found that Donald Trump’s tariffs have been almost entirely passed onto US consumers—except for his steel tariffs.
Analysts don't see much upside in FCX stock. The stock’s mean consensus target price represents a potential upside of 6.7% over the next 12 months.
AK Steel’s acquisition would make 2020 a crucial year for CLF. The company needs to make a lot of strategic decisions about AK Steel.
Recently, gold continued to rise. US gold futures rose for the eighth time in the last nine trading sessions and reached $1,582 levels per ounce today.
Overall, 2019 was a mixed year for US steel stocks. However, due to the rally in the fourth quarter, most stocks managed to close the year with gains.