3.67 +0.02 (0.55%)
Pre-Market: 4:52AM EDT
|Bid||3.65 x 100|
|Ask||3.66 x 1500|
|Day's Range||3.64 - 3.72|
|52 Week Range||3.37 - 9.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.41 (10.50%)|
|1y Target Est||5.25|
Unrest in Syria played a role in precious metals rising on Friday, April 13. The day before, Donald Trump discussed how to address a recent Syrian poison gas attack. He threatened missile strikes, which were eventually carried out, on Saturday.
In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: Alamos Gold (AGI), Sibanye Gold (SBGL), Yamana Gold (AUY), and Pan American Silver (PAAS). Mining stocks mostly move with gold prices but not always. Among these four miners, Pan American Silver has shown the highest correlation to gold, while Alamos Gold has seen the lowest correlation on a YTD (year-to-date) basis.
Overall, gold has been rising in 2018, mainly due to the geopolitical tensions that keep increasing. First, we had fears of a US-China trade war, and now we have the Syrian chemical attack and subsequent air strikes. Another crucial element is the decline of the US dollar, which we’ll look at in the next part of this series.
The Fed minutes from its policy meeting on March 20–21 were released on April 11, 2018. In the March meeting minutes, the FOMC (Federal Open Market Committee) staff review of the economy was stronger than the review presented at the January meeting. According to the minutes, all of the FOMC members expected 12-month inflation (TIP) to increase in the coming months.
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). Mining stocks mostly move with gold prices, but not always. Among these four miners, Gold Fields has shown the highest correlation with gold, while Royal Gold has seen the lowest correlation with gold on a YTD (year-to-date) basis.
Usually, precious metal mining companies closely follow precious metals. All four precious metals except platinum saw their prices rise on Tuesday, April 10, 2018.
The list of the biggest gold mining companies in the world includes many publicly-traded companies, which can be good investment opportunities for investors seeking to diversify their portfolio and get some exposure to the precious metal. Whether you want to invest in physical gold or one of the biggest gold mining companies in the world, […]
A crucial factor that could be behind the loss in precious metals on Wednesday was the rebound in the US dollar. The US Dollar Index, which is depicted by the DXY Currency Index (UUP), increased 0.82% on Wednesday. The rise of the US dollar is often detrimental for precious metals, as they are all dollar-denominated assets.
NEW YORK, March 28, 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 ...
In its first meeting under new chief Jerome Powell, the US Federal Reserve increased interest rates by a quarter of a point. Markets widely expected the rate hike. New Fed Chairman Jerome Powell believes the US economic outlook has strengthened in recent months.
When Lonmin Plc Chief Executive Officer Ben Magara announced in December that Sibanye Gold Ltd. had agreed to buy the platinum miner, he was visibly relieved.
Is Gold Set to Remain Higher for Longer as Volatility Soars? The new Federal Reserve chairman, Jerome Powell, made his first public appearance in that capacity on February 27, 2018. Testifying before the House Financial Services Committee, Powell acknowledged that the US economy has firmed up recently.
Another critical factor that has been affecting the price movement of precious metals is overall market volatility, which is depicted by the CBOE Volatility Index (or VIX). Also, the worries about the interest rate hike have been critical in adding to the volatility in the market.