Camellia started her career in finance as an Islamic corporate banker at a Japanese mega bank, and later a Director at a London-based award winning hedge fund manager.
Shares of Evraz PLC (LON: EVR) jumped 7% today as prices of precious metals have continued its impressive bullish run. Gold spot prices printed $2,044/oz, exceeding yesterday’s high of $2,020/oz.
“The mid-to-long-term prospect of gold and other precious metals remains bullish against the backdrop of low interest rate environment and fiscal and monetary stimulus,” market strategist Margaret Yang told BBC.
Last week, the FTSE 100 miner and steel manufacturer reported that its crude steel output dipped 5.1% on a quarterly basis while steel products sales increased 4.9%.
Evraz said: “In Q3 2020, significant uncertainty remains around production and sales volumes for all product groups due to continued turmoil in the oil & gas markets and the slow economic recovery during the resurgent Covid-19 pandemic.”
Evraz share price soared 7% to trade above 315p. The buyers are now fighting to print levels above 320p and therefore mark the new 5-month high for the stock.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .