|Bid||10.48 x 5000|
|Ask||10.55 x 200|
|Day's Range||10.29 - 10.59|
|52 Week Range||9.28 - 22.91|
|PE Ratio (TTM)||70.00|
|Dividend & Yield||0.10 (0.94%)|
|1y Target Est||N/A|
On Thursday, June 15, gold fell ~1.7% and touched a low of $1,251.7 per ounce before settling at $1,253.0.
Mining stocks tumbled the day the Fed declared an increase in interest rates. Though precious metals were muted on the day, miners kept falling.
In times of uncertainty, the value of paper currency erodes, giving credibility to gold.