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Newrange Gold Corp. (OTCMKTS:NRGOF) Sees Large Drop in Short Interest
Newrange Gold Announces Private Placement for C$10.1M
Newrange Gold Corp. (OTCMKTS:NRGOF) Short Interest Update
Gold prices hit the biggest drop in seven weeks because US employment growth was higher than expected
Gold recorded its biggest decline in seven weeks. The US employment data released earlier was stronger than expected, triggering predictions that the Federal Reserve may soon begin to reduce monetary stimulus. Employment growth in the US in July recorded the biggest increase in nearly a year, and the unemployment rate fell faster than expected. After the report was released, the US dollar rose, and 10-year treasury bond yields rose. Gold fell because investors feared that the improvement in the US economy and rising inflation would prompt the central bank to withdraw its unprecedented economic support. Low interest rates help make gold more competitive with interest-bearing assets. The price of gold is likely to record its biggest weekly decline since mid-June. The employment data “drove the price of gold to a sharp drop,
What is the fund manager's favorite stock right now? It's all in this sheet
While hedge fund managers withdrew from economically sensitive stocks this month, they also began piling up investments in growth stocks. This successful tactic helped them beat the return of the S&P 500. According to Jefferies data, hedge funds actively increased their holdings in growth stocks in July, with an increase rate of 12.8%. This is the rate of increase in holdings in this type of stock since April 2020. Meanwhile, the Wall Street firm said that after being optimistic about cyclical stocks since July last year, the industry has now reduced its risk appetite to reduce its holdings. Jefferies stock strategist Steven DeSanct
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