This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gold Prices Dip as Stocks Climb (Update 1)

Weekly initial jobless claims print Thursday at 8:30 a.m. ES. This could send more signals to traders of the precious metal as to where the unemployment rate may be headed in January. Import and export prices in the U.S. come out on Friday, which could be a decent gauge of the inflation environment.

Gold mining stocks were mostly lower on Wednesday. Shares of Royal Gold (RGLD) were off 1.9%, but shares of NovaGold Resources (GOLD) were adding 0.62%.

Among volume leaders, Barrick Gold (AUY) was adding 0.27%, and Goldcorp (NEM) was retreating by 1.7%.

Gold ETF SPDR Gold Trust (GLD) was slipping 0.06%, and iShares Gold Trust (IAU) was effectively unchanged at $16.12 a share.

-- Written by Joe Deaux in New York.

>Contact by Email.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
IAU $11.74 0.90%
GLD $116.45 0.97%
ABX $13.33 4.10%
AA $13.48 0.19%
NG $3.82 2.70%

Markets

DOW 18,086.45 +48.48 0.27%
S&P 500 2,112.07 +3.15 0.15%
NASDAQ 5,066.5230 +6.2770 0.12%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs