|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.50 - 41.64|
|52 Week Range||38.49 - 43.28|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.76%|
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, ...
As of November 16, 2017, Alamos Gold, First Majestic Silver, Sibanye Gold, and AngloGold Ashanti had call-implied volatilities of 46.9%, 54.6%, 63%, and 40.9%, respectively.
New Gold and Goldcorp have seen upward trends in their correlations with gold, while Newmont Mining has seen its correlation decline.
If we look beyond the dollar influence on precious metals, we can analyze how the probability of an interest rate hike could influence precious metals and their miners.
Alan Valdes, director of floor operations at Sliverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the reaction of the Federal Reserve's prospects for the next rate hike in light of the latest employment report.