Gold Prices Fight to Maintain Positive Gains
April 04 2012 - 8:20AM
Marketwired
After a positive start to the year, gold mining stocks have been
dropping as of late. The Market Vectors Gold Miners ETF (GDX) over
the last month is down more than 4 percent. An improving U.S.
economy has got investors looking elsewhere. The Paragon Report
examines the outlook for companies in the Gold Industry and
provides investment research on Goldcorp Inc. (NYSE: GG) and Gold
Fields Ltd. (NYSE: GFI).
Access to the full company reports can be found at:
www.paragonreport.com/GG www.paragonreport.com/GFI
Gold prices recently have been in a struggle to maintain upwards
momentum, which is currently down roughly 12 percent from its
record high of $1,900 in September. "Gold is also lacking
sufficient investment enthusiasm to be able to sideline the
physical market as it did earlier in the year thus, in turn, prices
are struggling to gain momentum," said Barclays.
The improving U.S. economy has also clouded the future for gold.
"The wider macro environment is generally improving... so I think
that's creating some headwinds, and also the European banking
crisis settled down, so there's less need for safe haven of gold at
this point," Standard Chartered analyst Daniel Smith said.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Gold Industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
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Goldcorp inc. announced its fourth monthly dividend payment for
2012 of $0.045 per share. Shareholders of record at the close of
business on Friday, April 13, 2012 will be entitled to receive
payment of this dividend on Friday, April 20, 2012.
Gold Fields Limited yesterday released its Integrated Annual
Report for the financial year ended 31 December 2011 to
shareholders and other interested parties. The report incorporates
all aspects of the Group's business, including reviews of the South
African, West African, Australasian and South American operations,
the Group's exploration and development projects, as well as
detailed financial, operational and sustainable development
information.
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