|Bid||7.84 x 800|
|Ask||7.88 x 21500|
|Day's Range||7.72 - 8.40|
|52 Week Range||6.13 - 16.04|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-1.30|
|Expense Ratio (net)||1.17%|
Amid first-quarter earnings thus far, gold has taken a back seat with the precious metal falling one percent on Tuesday to settle at a price of $1,274.31 as of 12:45 p.m. ET. Last week, gold fell ahead of first-quarter earnings season as the dollar gained while the precious metal slumped to its lowest level of the month last Thursday. Gold fell 1.23 percent at the close of Thursday’s trading session to settle at a price of $1.295.15.
Despite news of a trade deal swirling with the U.S., China is shoring up its reserves of gold amid a slowing economy. This could help exchange-traded funds (ETFs) like the SPDR Gold Shares (GLD) and SPDR Gold MiniShares (GLDM) . Per a Bloomberg report, the "People’s Bank of China raised reserves to 60.62 million ounces in March from 60.26 million a month earlier, according to data on its website on Sunday." Furthermore, the world's second largest economy has been adding more gold to its reserves for a fourth straight month.
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Eldorado Gold’s significant outperformance Eldorado Gold (EGO) significantly outperformed its peers (JNUG) (GDXJ) as well as gold (GLD) in the first quarter with a gain of 60.8%.
Gold faced downward pressure on Monday, but precious metals consultancy Metals Focus said in its latest Gold Focus 2019 report that a rally towards the end of 2019 could be ahead. The Dow Jones Industrial ...
In 2018, rising interest rates that coincided with an extended bull run in U.S. equities for most of the year fueled a strong dollar, tamping down gains for gold. However, when investors got washed in a cycle of volatility that started in the fall and lasted through year’s end, investors were quick to reconsider the precious metal as a safe haven, which helped ETFs like the SPDR Gold Shares (GLD A-) – an industry leader with a $34 billion market cap.
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Gold miners’ leveraged performanceGold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Analysts’ ratings for IAG IAMGOLD (IAG) comes third, after Wheaton Precious Metals (WPM) and Agnico Eagle Mines (AEM), as far as the most “buy” ratings for gold
Will Newmont Investors Approve GG Merger after Special Dividend?(Continued from Prior Part)Special dividend In a press release, Newmont Mining (NEM) said this one-time special dividend will be paid to Newmont shareholders of record as of April 17,
Could Gold Prices Rise as Market Concerns Increase?(Continued from Prior Part)Fed’s dovish stanceThe markets have been cautious since the Fed’s two-day policy meeting ended on March 20. The Fed signaled no rate hike in 2019 and an end to balance
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ forecastsIn the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll consider analysts’
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Long-term production growth The production growth for most miners (GDX) (JNUG) is either declining or flat at best. As the discoveries have become rarer, miners
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Analysts’ recommendations for Kinross GoldOf the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy”
The Dow Jones Industrial Average could close the trading week with its fifth straight losing session on Friday, but defensive-minded investors are taking action through precious metals and miners. The ...
The Dow could record its fifth straight losing session today, but defensive-minded investors are taking action through gold, other precious metals and miners.
Can Newmont Mining Outperform Its Peers in 2019?(Continued from Prior Part)Cost performance in the fourth quarter Newmont Mining’s (NEM) AISC (all-in sustaining costs) for the fourth quarter was $845 per ounce, which implies a fall of 9% compared
Buffett versus Dalio on Gold: Whose Advice Should You Take?Warren Buffett and gold Berkshire Hathaway (BRK-B) chair Warren Buffett’s disdain for gold is well known. He has been quite vocal about how gold does not yield anything in terms of value.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Factors affecting Barrick’s estimates As we’ve seen previously in the series, Barrick Gold (GOLD) has underperformed its peers year-to-date. Most of the analysts are
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)The fewest “buy” ratings Among senior and intermediate miners (GDX) (JNUG), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Gold-backed ETFsAccording to the World Gold Council, holdings in gold-backed ETFs and similar products rose by 69 tons in 2018, equivalent to $3.4 billion worth of
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)Gold miners’ leveraged performancesGold miners are usually a leveraged play on gold prices. Even in 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold Miners
Gold’s Long-Term Outlook Is Upbeat despite Short-Term Headwinds(Continued from Prior Part)Jeffrey Gundlach recommends gold The so-called “bond king” and the CEO of DoubleLine Capital, Jeffrey Gundlach, said during Barron’s 2019 Roundtable
Which Five Gold Stocks Are Analysts Loving So Far in 2019?(Continued from Prior Part)Gold miners’ leveraged performance Gold miners are usually a leveraged play on gold prices. Even in 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold
The Dow Jones Industrial Average fell 300 points on Tuesday, giving safe-haven assets like gold a boost through leveraged exchange-traded funds (ETFs) like the Direxion Daily Jr Gold Miners Bull 3X ETF ...