On Thursday, the price of gold set a new all time high of $958.40 per ounce. The average precious-metals fund we track climbed 5.81% for the five trading days ending Feb. 21.
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| Source: Bloomberg |
The higher price for gold boosted the fourth-quarter performance, before one-time charges, for the largest gold miners Barrick Gold (ABX Quote), Newmont Mining Corp(NEM Quote) and Goldcorp (GG Quote) above analyst estimates.
All of these are holdings of ProFunds Precious Metals UltraSector ProFund(PMPIX Quote) PMPIX, which jumped 11.93% for the period under review. This open-end fund is leveraged 150% to the mining shares in the Dow Jones Precious Metals Index. Of the top ten members of the index, the biggest winners were Harmony Gold Mining(HMY Quote), up 19.84%; Gold Fields(GFI Quote), up 15.65%; and Goldcorp(GG Quote), up 12.48%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,414.14 | 1,114.05 | 2,237.66 | 36.82 |
Oil *
72.73
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UP
85.25
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UP
11.58
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UP
25.97
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UP
1.36
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10 Yr
3.68%
SPDR Gold
106.95
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+0.83%
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+1.05%
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+1.17%
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+3.84%
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