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Gold Summary for March 26, 2020

2020-03-26 17:54 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold rose $11.60 to $1,624.50 on Thursday. Markets rebounded again today, gaining a bit more altitude above Monday's lows, and the TSX Venture Exchange inched above the 400-point mark briefly, ending the day up 2.76 points to 398.43. The TSX-V has had a rough time since it peaked at 3,372 points in 2007. It slumped below 700 points in the 2008 recession and was briefly below 500 in early 2016, recovering each time to progressively lower highs.

The TSX gold index suffered a down day after a good week in which it reclaimed much of the ground lost in a six-day stretch in mid-March, during which it slumped to 199 points from nearly 285 points. Today, the index sank 4.76 points to 257.49. Premier Gold Mines Ltd. (PG) had a good day, adding 11 cents to $1.22 on 1.3 million shares. The company said yesterday that it was temporarily halting exploration at Hasaga, near Red Lake in Northwestern Ontario, but it will carry on with mining for now at Mercedes, in Sonora, Mexico, and at South Arturo in Nevada. Endeavour Mining Corp. (EDV) went the other way, dropping $1.44 to $22.33 on 900,000 shares.

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