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Ray of Hope for Investors? Gold Rose and GLD Witnessed an Inflow Volatility higher
Bullion prices rose in the first week of January. They eventually fell as the equity markets started standing on their toes. This increased the overall bullion volatility. The volatility in all of the global markets rose due to the Chinese turmoil as well as North Korea and the Middle East. Gold and silver are precious metals. They’re used to store value during turbulent times. The prices witnessed a rise due to calls for safe havens.
Although silver mainly accompanies gold in the rise and fall, it couldn’t take in as much interest from investors as gold. Future gold prices rose by 1.7% during the past five trading days. Silver, platinum, and palladium fell by 0.83%, 5.5%, and 12.5%, respectively, during the same period.
Mining carnage
The above chart shows the value of gold in times of uncertainty. Investors flock to gold during turbulent times. The recent upheaval lifted mining-based ETFs and stocks along with gold. However, these mining indicators seem to be more sensitive to the fall in precious metal prices than the rise. Mining ETFs like the Global X Silver Miners ETF (SIL) and the Market Vectors Junior Gold Miners ETF (GDXJ) fell by 4.5% and 2.4%, respectively, during the past five trading days.
Mining-based stocks that were the worst performers on a five-day trailing basis include B2Gold (BTG), First Majestic Silver (AG), and Royal Gold (RGLD). They fell by 17.5%, 14.3%, and 10.1%, respectively. Together, these three stocks account for 6.9% of the price changes in the Market Vectors Gold Miners ETF (GDX).
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Royal Gold Inc.
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PRODUCER |
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CODE : RGLD |
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ISIN : US7802871084 |
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Asset profileContact Cpy |
Royal Gold is based in United states of america. Royal Gold produces gold, copper, lead, silver and zinc in Argentina, in Bolivia, in Burkina Faso, in Canada, in Chile, in Guinea, in Mexico, in Nicaragua and in USA, develops copper, gold, lead, silver and zinc in Australia, in Burkina Faso, in Canada and in Chile, and holds various exploration projects in Argentina, in Bulgaria, in Canada and in Finland. Its main assets in production are BALD MOUNTAIN in USA, LIMON, LEEVILLE MINING COMPLEX and GOLDSTRIKE OPEN PIT in Nicaragua, DON MARIO (CERRO PELADO) and ROBINSON (NEVADA) in Bolivia, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA and GOLDSTRIKE UNDERGROUND in Mexico, SIGUIRI in Guinea, TAPARKO in Burkina Faso, MARTHA MINE in Argentina, ANDACOLLO HYPOGENE, TOQUI and ANDACOLLO in Chile and WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX and TROY in Canada, its main assets in development are GOLD HILL and PASCUA LAMA in Chile, HOLT MINE & MILL and PINE COVE (MINGS BIGHT) in Canada, BALCOOMA in Australia and BOUROUM in Burkina Faso and its main exploration properties are CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) and CAMP BIRD MINE in Canada. Royal Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 8.0 billions as of today (€ 7.5 billions). Its stock quote reached its lowest recent point on February 28, 1992 at US$ 0.03, and its highest recent level on April 18, 2024 at US$ 121.66. Royal Gold has 65 455 293 shares outstanding. |