81.54 +0.12 (0.15%)
After hours: 4:11PM EDT
|Bid||80.81 x 100|
|Ask||81.40 x 100|
|Day's Range||80.85 - 82.57|
|52 Week Range||77.70 - 108.29|
|PE Ratio (TTM)||27.88|
|Forward Dividend & Yield||2.00 (2.48%)|
|1y Target Est||105.49|
Recent market unrest has had a significant effect on precious metals and the US dollar, which influences dollar-denominated precious metals and mining stocks. In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatility. The miners we’ve selected for our analysis are Wheaton Precious Metals (SLW), Randgold Resources (GOLD), AngloGold Ashanti (AU), and IAMGOLD (IAG). In the last 30 days, miners’ performance has been mixed. GOLD and AU have fallen 2.5% and 0.11%, respectively, while SLW and IAG have risen 6.8% and 13.2%.
Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Investors should note that this is a contradiction of the US Treasury, which had maintained that no major trading partners are manipulating their currencies.
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.
Usually, precious metal mining companies follow precious metals. Gold, platinum, and palladium had an up-day on Monday, April 9. Though the mining companies tend to closely react to miners, they showed a mixed performance on Monday.
NEW YORK, April 10, 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 ...
European markets were higher on Tuesday after Chinese President Xi Jinping sought to soothe investor concerns about a full-scale trade war.
Gold’s recent gains came on the back of uncertainty, which was pinned by weakness in the US dollar (UUP). The Fed’s less-hawkish-than-expected guidance in the near term, trade war talks, recent inflation, and other economic data were mostly negative for the dollar. While the immediate concerns over a trade war have receded, the uncertainty is far from over.
COORDINATED DRIVE TO RESOLVE INDUSTRIAL ACTION AT TONGON ABIDJAN, COTE D IVOIRE / ACCESSWIRE / April 3, 2018 / Randgold Resources said today intermittent industrial action by the workforce of its mining ...
Joint Press Release* KINSHASA, DRC / ACCESSWIRE / March 29, 2018 / Mining industry representatives* in the Democratic Republic of Congo have submitted a formal proposal to the country's Ministry of Mines ...
JERSEY, CHANNEL ISLANDS / ACCESSWIRE / March 29, 2018 / Randgold Resources (NASDAQ: GOLD) announces that in accordance with the Disclosure and Transparency Rules, its issued share capital consists of 94 ...
LONDON / ACCESSWIRE / March 29, 2018 / Since Randgold Resources (NASDAQ: GOLD) declared its maiden dividend for the 2006 financial year, its dividends have increased by 1 900%, says chief financial officer ...
JERSEY, CHANNEL ISLANDS / ACCESSWIRE / March 29, 2018 / - The Company announces that its 2018 Annual General Meeting will be held at 9:00 a.m. on 8 May 2018 at The Club Hotel, Green Street, St Helier, ...
RECORD PERFORMANCE STRENGTHENS FOUNDATION FOR CONTINUED VALUE CREATION LONDON / ACCESSWIRE / March 29, 2018 / Randgold Resources had one of the best years in its history of achievement and delivery in ...
The US dollar (UUP) had started firming up in February and early March after a disappointing 2017. After the Fed’s decision, the dollar fell 0.7% to 83.5 as the committee suggested only two more hikes. We saw the currency’s largest one-day decline since the end of January. The Fed’ stance was slightly less hawkish than expected in the near term, which led to weakness in the US dollar.
JERSEY, CHANNEL ISLANDS / ACCESSWIRE / March 19, 2018 / Randgold Resources Limited (LSE: RRS; NASDAQ: GOLD). RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading ...
NEW YORK, March 16, 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 ...
Are Upcoming Interest Rate Hikes Already Priced into Gold? Mining stocks are known to have a strong correlation with gold, as gold is the most crucial of all the four precious metals. For our correlation analysis, we’ll look at Randgold Resources (GOLD), Yamana Gold (AUY), Coeur Mining (CDE), and Barrick Gold (ABX). Mining-based funds also have a high correlation with precious metals.