Gold Futures Trade Above $1400/Oz
Tweet
Share
E-mail
Get Alerts NEM Hot Sheet
Price: $97.04 +4.01%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.7%
Revenue Growth %: +22.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.7%
Revenue Growth %: +22.0%
Join SI Premium – FREE
Gold futures traded above $1400 per ounce Friday, setting the stage for a strong open for gold mining stocks like Newmont Mining (NYSE: NEM) and Barrick Gold (NASDAQ: GOLD).
The rally in gold has come in response to dovish comments from the Fed and other central banks recently. Increased geopolitical risks in the Middle East may also be helping support prices.
The last time gold traded above $1,400 was in 2013.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- A Fully Permitted Tanzanian Gold Project Just Took a Key Step Toward Construction
- Oil prices fall 1% to 4-month lows as progress in US-Iran talks cools supply concerns
- Oil gains on short-covering buys ahead of US holiday
Create E-mail Alert Related Categories
Commodities, ETFsSign 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!
