Key Analyst Upgrades This Week Thursday, August 26, 2:54 PM ET, by Market News Video Staff On Monday, UBS (UBS) upgraded shares of First Solar (FSLR) from neutral to buy as ...
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By Market News Video Staff, Monday, August 30, 3:25 PM ET
In afternoon trading today, spot gold prices edged higher as the US markets struggled to build on Friday's gains. Gold is trading at $1,238.50/oz currently and the SPDR Gold Trust (AMEX:GLD) is trading just north of $121 per share.
Trading in the opposite direction today, however, is the Market Vectors Gold Miners ETF (AMEX:GDX). This ETF is faring better than the general markets, but is off about 0.1% right now. Of the components making headlines today, Kinross Gold (NYSE:KGC) saw its price target lowered by Bank of America this morning to $24 per share, though the firm remains bullish on the company post-merger. On the news, KGC is lower by almost 0.8%, outpacing the rest of the components on Monday.
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