Gold Miners ETF (GDX) Hits a 52-Week High

For investors looking for momentum, VanEck Vectors Gold Miners ETF GDX is probably a suitable pick. The fund just hit a 52-week high and is up 49.7% from its 52-week low price of $30.64/share. Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed: GDX in Focus This ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index, which is intended to track the overall performance of...

TSX Ends On Weak Note As Resources Shares Tumble

(RTTNews) - The Canadian stock market ended notably lower on Thursday after staying weak right through the session, as materials, energy and technology shares reeled under sustained selling pressure. Healthcare and consumer staples shares also ended weak, while a few stocks from industrials sector closed with strong gains. Concerns about outlook for energy demand amid rising coronavirus cases in India and Japan weighed on crude oil prices and took a toll of energy stocks. The benchmark S&P/TSX Composite Index ended down by 111.61 points or 0.58% at 19,031.64, after plunging...
GoldMarketsSouth Africa

JSE scraps gold, platinum indexes

The Johannesburg Stock Exchange (JSE) has discontinued some major market indices, including the closely watched gold index, to reflect the change in prominence of some companies and sectors in the economy, it said on Tuesday. The JSE Ltd follows international standards of classification of sectors and it modified some indexes to reflect a more realistic and detailed evolution across sectors, JSE said in an emailed response to Reuters. Under the modified index, it has decommissioned gold and platinum indexes and has moved all of them, including diamond mining companies, under...
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