Business News Asia
Another week in which the gold price showed light and shadow. Towards the middle of the week, the price of gold increases neatly and was able to climb to the $ 1800 mark, before he had to let feathers at the end of the week again and fell back to $ 1,768.20. In the end, however, a small weekly plus of 0.6% stood on the account. Strong U.S. economic data initially bounced the yellow precious metal off the $1800 mark when U.S. retail sales were better than expected. Also, the U.S. 10-year Treasury note jumped back to 1.57% which puts further pressure on the gold price.
Shares of gold producers were able to climb up this week, which has been due for a long time. Investors who want to participate in the gold market with leverage can do so with shares of gold producers. Gold producers are extremely healthy at a gold price above $1700 and can generate a lot of cash flow. It is therefore encouraging that in the recent past there has been a real sell-off in the industry, which is why most shares were relatively cheap to get.
So how was the performance of the stocks in our watchlist:
Gold Mining Stock Performance
Top 3 Performer:
K92 Mining Inc. (TSX: KNT): K92 Mining Inc. is a gold producer headquartered in Vancouver Canada. The company operates a gold mine in Papua New Guinea.1
Alamos Gold Inc. (NYSE: AGI): Alamos Gold is a Canadian gold producer and operates gold mines in Canada and Mexico. In addition, the company has projects in development status in Canada, U.S., Mexico and Turkey.2
B2Gold Corp. (NYSE: BTG): B2Gold is a Canadian gold producer headquartered in Vancouver. The company was founded in 2007 and currently operates 3 gold mines. The expected production volume is 970,000 – 1,030,000 gold ounces.3
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