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Precious Metal Prices Recover as the US Dollar Retreats Gain in precious metals
Precious metals rose on Friday, December 18, 2015, after falling on Thursday. Precious metals seem to be following an alternating pattern since the Fed gave its verdict on the interest rate hike. Gold futures for February delivery rose by 1.5% and closed $15 higher. They settled at $1,065 per ounce. Gold almost touched its five-year low level during the fall on Thursday. Silver rose by 2.9% and closed $14.1 per ounce on Friday. Silver was the top performing precious metal on Friday.
Platinum and palladium also followed the leading precious metals. They rose by 1.9% and 0.27%, respectively.
Rankings
The gains in the precious metals were followed by gains in precious metal-based ETFs and the mining sector. The iShares Silver Trust (SLV) and the iShares Gold Trust (IAU) rose by 2.6% and 1.4%, respectively, on Friday. Currently, gold and silver are ranked at 11 and 14 respectively on the commodities market. They’re depicted by the S&P GSCI (Goldman Sachs Commodity Index). It contains 24 commodities.
Mining stocks like Gold Fields (GFI), Agnico Eagle Mines (AEM), and Silver Wheaton (SLW) also gave positive returns in Friday’s trade. These stocks rose by 0.38%, 4.1%, and 3.5%, respectively, on Friday. The stocks account for 13.6% of the price changes in the Market Vectors Gold Miners ETF (GDX). GDX rose by 2.2% on the same day.
The precious metals and the precious metal miners could have a tough time fighting the upcoming interest rate hikes in 2016. The recovery gains it keeps seeing could give falling precious metals a breather.
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Silver Wheaton
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PRODUCTEUR |
CODE : SLW.TO |
ISIN : CA8283361076 |
CUSIP : 828336107 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Wheaton est une société basée au Canada. Silver Wheaton est productrice d'argent, de cuivre, d'or, de plomb, de silica et de zinc au Canada, au Mexique, au Perou, au Portugal, en Grece et en Suede, en développement de projets d'argent, de cuivre, d'or et de zinc au Canada et au Chili, et détient divers projets d'exploration au Portugal et en Argentine. Ses principaux projets en production sont ZINKGRUVAN en Suede, KENO HILL (BELLEKENO) et MINTO MINE au Canada, SAN MARTIN - LUISMIN, PEÑASQUITO, LUISMIN et G-9 CAMPO MORADO au Mexique, YAULIYACU au Perou, STRATONI en Grece et NEVES-CORVO au Portugal, ses principaux projets en développement sont PASCUA LAMA au Chili et KUTCHO CREEK au Canada et ses principaux projets en exploration sont PROMOTORIO DURANGO et MONTOROS au Mexique, ALJUSTREL au Portugal et LOMA DE LA PLATA (NAVIDAD) en Argentine. Silver Wheaton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 12,6 milliards CA$ (9,2 milliards US$, 8,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 09 mars 2007 à 10,01 CA$, et son plus haut niveau récent le 15 mai 2017 à 28,53 CA$. Silver Wheaton possède 441 520 000 actions en circulation. |