|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.34 - 12.47|
|52 Week Range||10.81 - 12.98|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
Gold prices initially edged lower for the day on Thursday, November 16. However, they later turned marginally higher, closing at $1,278.2 per ounce.
Gold saw a down day on Wednesday, November 15, 2017. Gold futures for December delivery were 0.41% lower for the day and ended at $1,277.70 per ounce.
Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.
The overall market environment plays a substantial role in the movement of precious metals. Soaring equities could lure investors to more risky investments.
The past week has been beneficial for precious metals—gold, silver, platinum, and palladium rose 0.42%, 1.5%, 0.63%, and 1.5%, respectively.
Precious metals had a mixed reaction on Tuesday. Eldorado Gold (EGO) and Cia De Minas Buenaventura (BVN) fell 3.2% and 1.4%, respectively.
Most market participants have been waiting for the nomination of a new Fed chair, which could substantially influence the movement of interest rates.
Gold, silver, and platinum had a down day on Tuesday, October 31. However, palladium rose 1.7% to $979.20, recording a whopping 42.6% YTD (year-to-date) gain. Gold futures for December expiration fell ...
On October 26, gold futures for November expiration fell 0.74%. Silver for December futures fell 0.67%, and platinum for December expiration fell 0.55.
Since the financial crisis, the stock market has risen consistently as long as the Fed continued to buy treasuries and mortgage-backed securities through its quantitative easing policies (QE 1-3).
Gold was trading moderately high on Wednesday, October 25, 2017. It rose a marginal 0.04% and closed at $1,276.30 per ounce. Silver and palladium, however, had a down day.
The gold price rally fizzled almost as quickly as it began. Gold hit a high of $1,350 per ounce last month, climbing out of its summer rut to only fall to the $1,267/oz level on Thursday. RBC Capital Markets' "Trumped Up, Trickle Down" call is still at play and while geopolitical tensions in the U.S. have helped gold prices up higher, demand for gold exchange-traded products is greater in Europe than in North America. The largest gold ETPs such as the $34 billion SPDR Gold Trust (GLD) and the $9 billion iShares Gold Trust (IAU) are in the U.S., but similar products in Europe have seen more fresh money on a relative and absolute basis, says RBC's Christopher Louney.
As of October 19, Sibanye Gold, Agnico Eagle Mines, Silver Wheaton, and Randgold Resources had implied volatility readings of 63%, 33.6%, 30.8%, and 25%.
The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have risen 1.1% and 3.2%, respectively, on a 30-day-trailing basis.