2.06 +0.09 (4.83%)
Pre-Market: 6:09AM EDT
|Bid||2.05 x 3100|
|Ask||2.06 x 300|
|Day's Range||1.95 - 2.03|
|52 Week Range||1.56 - 2.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (3.42%)|
|1y Target Est||2.44|
Recent market unrest had a significant effect on precious metals, which increased. However, the US dollar has strengthened recently, which has had a negative impact on precious metals. The settling of the market unrest could have also caused a withdrawal of haven bids.
The International Monetary Fund (or IMF) issued an update to its world economic outlook on the eve of IMF and World Bank meetings in Washington this week. The IMF warned that a major trade rift between the US and China could threaten global economic growth, which otherwise should rise solidly this year. The agency still maintained its forecast of 3.9% for global economic growth, which would be the fastest rate of growth since 2011.
Geopolitical tensions and lingering concerns over a trade war might reduce investors' appetite for riskier assets and fuel demand for safe-haven gold.
Thieves broke into Harmony Gold Mining Co.’s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal, according to spokeswoman Lauren Fourie.
Gold, silver, platinum, and palladium increased 0.33%, 1%, 2.4%, and 4.2%, respectively, on Monday. Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9. The volatility in gold was at 10.4%, while its RSI level was at 59.7. Silver futures for April expiration closed at $16.5 per ounce. Silver’s volatility was at 17.4% and its RSI level was at 58. Platinum and palladium were at $933.9 and $933.5 an ounce, respectively. These two metals are once again at the same level, so it will be interesting to see which one picks up from here.
Usually, precious metal mining companies are closely related to movements in precious metals. Gold, platinum, and palladium had a down-day on Thursday, April 5, whereas silver had an up-day. Most mining companies followed the trend in silver, while a few turned downward.
Palladium has been the weakest performer among the four precious metals on a YTD (year-to-date) basis. Palladium is more inclined toward its industrial side than its use as a precious metal due to its many industrial uses. Palladium is used as a catalyst in diesel-based engines.
Uncertainty over aftermath of Trump's tariff policy, a weak dollar, pickup in mine production in 2018 and strong demand from India and China make gold a good investment option this year.
Uncertainty or volatility in the markets is increasing. The markets are adjusting for the high volatility phase after a prolonged period of low volatility across markets. The most recent issue fueling volatility is the fear of a trade war.
Company invites individual and institutional investors, as well as advisors, to log-on to view the presentation JOHANNESBURG , March 26, 2018 /PRNewswire/ -- Harmony Gold Mining Company Limited ("Harmony" ...
Harmony Gold Mining Company Limited webcast presentation now available for on-demand viewing: dbVIC - Deutsche Bank ADR Virtual Investor Conference
NEW YORK, March 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
NEW YORK , March 21, 2018 /PRNewswire/ -- Deutsche Bank today announced the addition of presenters for its Depositary Receipts Virtual Investor Conference ("dbVIC") on March 22 nd , featuring ...
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event JOHANNESBURG , March 20, 2018 /PRNewswire/ -- Harmony Gold Mining Company Limited ...
Harmony Gold Mining Company Limited to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on March 22nd, 2018
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on March 21st and 22nd, 2018
NEW YORK , March 16, 2018 /PRNewswire/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on March 21 st and 22 nd , featuring live ...
Is Gold Set to Remain Higher for Longer as Volatility Soars? US consumer prices posted their largest gain in the last 12 months through January 2018, which strengthened expectations of firming price pressures in the US economy for the year. The Federal Reserve’s preferred gauge of inflation—personal consumption expenditure (or PCE) inflation—rose 0.4% in January 2018. This increase followed a 0.1% rise in December 2017, which is its largest gain since January 2017.