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Gold Summary for March 1, 2021

2021-03-01 18:48 ET - Market Summary

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by Stockwatch Business Reporter

New York spot gold flattened its downward curve initially, but slumped anew, ending the day down $14.60 to $1,721.00. Last summer it was as high as $2,063 and it flirted with the $2,000 mark at the start of the year. The TSX Venture Exchange, which had a tough time last week, rebounded 15.86 points to 1,034.36 today while the TSX gold index dipped 0.87 point to 268.55. There were more downs than ups today. China Gold International Resources Corp. (CGG), a big gainer over the past two months despite a dearth of news, was again in full retreat. It fell 13 cents to $2.96 on 238,000 shares.

Gran Colombia Gold Corp. (GCM), up 34 cents initially, ended the day down one cent to $5.64 on 504,000 shares. Gran Colombia said today that it would be participating in a warm-up "mining showcase" -- promotional warmup -- ahead of next week's premier dog and pony show put on by the Prospectors and Developers Association of Canada. Alas, this year the PDAC attendees will not be able to mix and mingle -- or spread COVID-19 as happened last March. The 2021 event will be a cyber affair.

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