|Bid||164.40 x 100|
|Ask||185.38 x 100|
|Day's range||181.22 - 186.89|
|52-week range||152.60 - 229.45|
|PE ratio (TTM)||22.46|
|Forward dividend & yield||3.36 (1.85%)|
|1y target est||199.86|
Could Gold Catch a Bid if Equities Stay Weak in 2018? The Federal Reserve has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
Monday, January 29, 2018, was a down day for all four precious metals. The US dollar index, which prices the dollar against a basket of six major world currencies, rose 0.27% that same day. The dollar has rebounded from its lows after United States Secretary of the Treasury Steven Mnuchin was eager to back a weaker currency.
Palladium has been the winner among the four precious metals, having skyrocketed a whopping 57% on a YTD (year-to-date) basis in 2017 as of December 27.
We'll briefly analyze mining stocks' correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
Besides the rate movements, investors are also watching the upcoming US tax plan. It will have a significant impact on the US dollar.
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks:…
The Mexican airport operator's passenger traffic slowed slightly versus recent quarters, but the company remained on track to meet its full-year financial goals.
Even the temporary suspension of operations at the Latin American airport operator’s majority-owned location in Puerto Rico couldn’t ground its momentum.
On a per-share basis, the Mexico City-based company said it had net income of $2.02. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...
Much of the discussion surrounding another interest rate hike in December has been about how inflation numbers have remained low.
Grupo Aeroportuario (ASR) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective
Rising tensions in North Korea, heightened political uncertainty in Washington, and policy changes by the Fed have all moved precious metals in August and September.