3.94 -0.03 (-0.85%)
After hours: 4:14PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.94 - 4.00|
|52 Week Range||2.86 - 4.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (1.55%)|
|1y Target Est||N/A|
South Africa's new leadership headed by newly-elected President Cyril Ramaphosa is a 'credit positive' for many of the country's top gold and platinum miners. It added that a resolution of issues around ...
What Caused the Slump in Precious Metals and Miners? Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate. The Fed has kept investors on their toes with the rise in interest rates playing on the equity market slump.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The Federal Reserve has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
South Africa's rand edged firmer on Thursday but remained above the crucial 12.00 mark against the dollar as the continuing stalemate over President Jacob Zuma's future capped demand. Stocks fell on Thursday led by mining firm Gold Fields after the firm flagged lower earnings. The unit this week has struggled to push beyond last week's rally to 11.8500, a touch off its 2-1/2 year best, with optimism over the speedy removal of Zuma from office waning, leaving the currency open to profit-taking.
Since the beginning of 2018, platinum has been the top performer among the four precious metals. In this part of our series, we’ll focus on the gold-platinum spread, which analyzes the comparative price performance between these two metals. When analyzing platinum markets, it’s essential to compare the metal’s performance with that of gold, which is the most dominant of the four precious metals. The platinum market has been in short supply for the past few years.
Could Gold Be Set for a Big Move in 2018? The pace of inflation in the United States unexpectedly strengthened in December 2017 when the core consumer price index (or CPI) rose by 1.8% year-over-year (or YoY), including a monthly advance of 0.3%. Inflation expectations (TIPS) have risen due to the ten-year break-even rate (a market measure of inflation expectations) rising to 2.1%—the highest level since September 2014.
What Led to the Fall in Gold and Silver? Gold prices retreated from their four-month high of $1,340 and slipped 0.81% on Wednesday, January 17. Gold futures for January expiration ended the day at $1,338 per ounce.
South Africa's rand weakened as much as 1.7 percent on Wednesday to its worst performance in nearly three weeks after the ruling African National Congress said an early exit for President Jacob Zuma had not been discussed at a party meeting. Initially hit by softening demand for emerging market assets as global bond yields picked up, the rand's losses accelerated to a session-low 12.55 shortly after the ANC Secretary-General Ace Magashule told reporters Zuma's removal was not on the agenda of a meeting of the party's top decision-making body.
AngloGold Ashanti saw a loss in its price in 2017—it fell 3%. Royal Gold, Gold Fields, and IamGold rose 29.6%, 42.9%, and 51.4%, respectively, in 2017.