04.05.2015 - Gold equities may be better bet than physical metal
While the price of gold has meandered in a narrow range this year, gold equities have improved somewhat and an analysis of relative performance suggests they may have further to rally. Spot gold ended Thursday’s trade at $1,183.85 an ounce, largely unchanged from $1,183.55 at the end of 2014, as the precious metal battles the competing influences of a firmer dollar and concerns over a Greek exit from the eurozone. However, major gold miners have shown some improvement, with the S&P TSX Global Gold Index gaining 14% so far this year. The Toronto Stock Exchange-based index groups together the world’s top gold producers, including No 1 Barrick Gold Corp, which is up 20.5% this year in US dollar terms, and No.2 Newmont Mining Corp, which has gained 40%...............................................Full Article: Source
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