By ETF Channel Staff, Thursday, September 30, 2:41 PM ET
As the price of gold dropped on Thursday due to the US Dollar recovering earlier losses, Gold ETFs slid, with the SPDR Gold Trust dropping to $127.63. Despite this, GLD has risen 4.7% this month, with gold bullion posting record highs for 12 days in December.
Shares of gold companies have outperformed Gold ETFs due to the leverage they can provide. For example, Corvus Gold (TSE:KOR.CA) shares have risen 28.6% in three weeks. Orezone Gold Corporation (TSE:ORE.CA) shares have increased 58% in September alone, and Randgold Resources (NASDAQ:GOLD) has increased more than 11.8%.
This Article's Word Cloud:CorporationCorvusDecemberDespiteDollarETFsGOLDGoldOrezoneRandgoldResourcesSPDRSeptemberSharesThursdayTrustalonebullioncompaniesdaysdroppeddroppingearlierexamplegoldhavehighsincreasedleveragelossesmonthmoreoutperformedpostingpriceproviderecordrecoveringrisensharesslidthantheythisthreeweekswith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.