Gold Rips To All-Time High
More News related to ABX
- Gold Hit As Dubai Woes Sends Dollar Higher
- Barrick Gold Sets Out Position on Bill C-300 and Provides Facts
- Barrick Gold Sets Out Position on Bill C-300 and Provides Facts
- Central Banks Continue Snapping Up Gold, Sri Lanka Buys 10 Metric Tons From IMF
- Gold Moves Higher on Weak Dollar, Lower Commodities, Indian Reserve Bank Talk (GLD, ABX, GG, NEM, GDX)
More News related to AUY
- Gold Hit As Dubai Woes Sends Dollar Higher
- Central Banks Continue Snapping Up Gold, Sri Lanka Buys 10 Metric Tons From IMF
- Gold Higher On Reports India Could Buy the Rest of the IMF's Hoard (GLD)
- Canaccord Adams Raise Target on Yamana Gold (AUY) to $16.50
- Yamana Gold (AUY) volatility at 55 on $1135 gold
More News related to GDX
- Dubai Fallout ETF Trades
- Gold Hit As Dubai Woes Sends Dollar Higher
- Dubai Debt Woes Roil Markets
- Notable Late-Afternoon ETF Movers for 11/25: UNG, GDX, XRT Higher; UUP Lower
- Sign of the Times: U.S. Mint Has To Temporarily Suspend Sales of One Ounce Gold Coins Due to Demand
More News related to Insiders' Blog
- Playboy (PLA) May Sell TV/Online Business to Cisneros or FriendFinder; Sale Moving Faster Than Expected
- Apollo Group (APOL) Sees Interest On Chatter
Gold closed at an all-time record high today, hitting $1045 per ounce in intra-day trading. Gold futures last traded at $1041.40, up 2.43% on the session.
The weakness in the U.S. Dollar has driven the continued strength in gold. Today, the dollar was weak on reports that some leading oil trading countries are were developing a plan to abandon the dollar. In addition, Australia lifted interest rates in a surprise move making it the first major economy to raise rates following the global financial crisis.
Many have been gaining exposure to gold through ETF SPDR Gold Shares (NYSE: GLD) or through the miners as represented by Market Vectors Gold Miners ETF (NYSE: GDX), which seeks to replicate the price and yield performance of the NYSE Arca Gold Miners Index. Top holdings of the index include Barrick Gold (NYSE: ABX), Goldcorp (NYSE: GG), Newmont Mining (NYSE: NEM), Kinross Gold (NYSE: KGC), and Yamana Gold (NYSE: AUY). There is also a new gold ETF - ETFS Physical Swiss Gold Shares (NYSE: SGOL) - that traders are starting to use.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Insiders' BlogStocks Mentioned
+0.15
-0.44Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
