Eye on Equities
The mighty GLD gold ETF's bullion holdings have remained stable in 2014, an impressive feat.
Yamana Gold (NYSE:AUY) shares gapped up prior to trading on Friday following a dividend announcement from the company, Analyst reports.
Barrick Gold's (TSE:ABX) (NYSE:ABX) shares were falling on Thursday after the world's largest gold producer was still showing a loss in its second quarter on lower gold and copper prices as well as reduced sales volumes and weaker-than-expected production.
Merk Gold Trust, a bullion-backed exchange-traded fund which allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.
Most gold investors see gold miners outperforming the precious metal over the next year.
Argonaut Gold's (TSE:AR) shares retreated after the Mexico-focused miner posted a 12 percent decline in gold equivalent production for its second quarter.
Gold slid 1.5 percent on Monday in its biggest one-day drop in nearly seven weeks on selling from stop-loss orders and as Asian share markets gained strength.
Gold edged up for a second session on Thursday as the dollar weakened after minutes of the Federal Reserve's recent policy meet gave no indication of when U.S. interest rates will rise.
The rising value of gold this year hasn't translated into more buyers.
Gold fell on Wednesday as physical buying dried up after prices jumped to their highest level in two months in the previous session, while silver also slipped from a three-month top.
Gold rose 0.7 percent or $8.82 on Tuesday to trade at $1,260 per ounce, according to Reuters. Equities were generally lower, prompting this rise, but a stronger dollar limited the metal’s gains.
Gold held its ground above $1,250 an ounce on Monday after U.S. jobs data matched expectations, while a rally in stocks curbed the metal's appeal as an investment hedge.
Gold on Thursday was found to mount higher to reach $ 1,350, thereby regaining its highest elevation in more than four months.
Gold was found to trade below its 4-month high owing to the worries of investors regarding the Ukraine crisis.
Gold bullion price on Tuesday was found to drop about 1 % as the US equities surged up by the S & P 500 Index.
Gold price yesterday was found to climb up sharply by Rs. 285 to Rs. 30,375 per 10 grams in futures trade on speculations on global market cues.
Gold futures is reported to have dropped as the rising stocks weakened the investor demand for safe-haven asset of the yellow metal.
Precious Gold price on Thursday was found to be steady owing to the last session’s volatile trading.
Rising to a 16-week high, gold prices was found to mount high which reflected the weak consumer confidence data.
Gold on Monday was found to mount high, closing highest in four months.
According to a latest research report, the 2013 Gold exports in UK were found to be nearly twice the volume of ETF (Exchange Traded Fund).
Owing to the weak US and Chinese manufacturing data, precious gold on Thursday saw a marginal increase by 1 % on market.
Minutes after the Fed’s later policy came out, precious gold’s price witnessed a fall by nearly 1 % on Wednesday.
Gold price on Wednesday was seen to swing between gains and losses during Asian trading reflecting which reflected the strong Chinese economic data.
After a gap of two months, Gold on Monday regained the crucial level of Rs. 31,000 per ten grams.