|Bid||0.00 x 3000|
|Ask||0.00 x 3000|
|Day's Range||37.62 - 37.72|
|52 Week Range||36.92 - 43.28|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.14|
|Expense Ratio (net)||0.76%|
The price of gold has been on the slide lately, falling more than 10% over the last 5 months as the dollar has rallied on bets of a continued strong U.S. economy. Nonetheless, the outlook is more positive for the rest of the year and next, with December gold futures currently holding above the key technical level of $1200 per share.
As we’ve seen so far in this series, gold tends to influence the price movement of precious metal miners. In this article, we’ll take a look at the correlations of selected miners with gold. Gold is the most dominant of the precious metals, and silver, platinum, and palladium are known to closely track its trends.
Gold continues to offer good returns, and investors who are interested in owning the precious metal may consider buying shares in a gold exchange-traded fund (ETF). These funds are managed by gold experts, so you stand a better chance of making money than you would on your own.
Most precious metal mining stocks have fallen over the last few months due to falling gold prices. The US dollar’s revival has also impacted precious metals and mining stocks recently.
After looking at Digital Avenue SA.’s (WSE:DGL) latest earnings announcement (30 September 2017), I found it useful to revisit the company’s performance in the past couple of years and assessRead More...
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Despite anecdotal comments from well-regarded financial commentators that gold prices and gold demand are suffering at the expense of cryptocurrencies, there isn’t any quantifiable evidence that gold holdings are directly suffering from competition from cryptocurrencies. The weakness in physical demand in 2017 – for example, the paltry sales of US Eagles – is largely explained by the steady march higher of the S&P 500.
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Gold has a 7,000-year history as an asset and a long-standing role as money. In contrast, bitcoin and other cryptocurrencies are designed to be used as tokens in electronic payment systems.
Investors on Wednesday jumped into gold and other precious metals, along with commodity-related ETFs, as markets continue to worry that the Fed will raise interest rates higher than initially anticipated on the back of the Labor Department's January consumer price index.
The PowerShares DB Gold Fund (DGL) and the VanEck Merk Gold Trust (OUNZ) rose 2.2% over the five trading days leading up to December 27, 2017.
In this article, we'll take a look at the call-implied volatilities and RSI scores of Barrick Gold, Kinross Gold, Eldorado Gold, and IAMGOLD.
We'll briefly analyze mining stocks' correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
A correlation study of mining stocks to precious metals is important. It gives insights about miners’ potential price movement. Although the mining shares are essentially part of the market’s equity segment, ...