Sentences with phrase «bullion prices»
"Bullion prices" refers to the value or cost of precious metals like gold or silver. It is the price at which these metals are bought or sold in their raw form, typically in the form of bars or ingots. Full definition
TORONTO — Gold stocks took it on the chin again on Friday, falling about six per cent, as the slide in bullion prices that has been going on for months accelerated with a plunge of more than US$ 63 an ounce.
canadianbusiness.com
The SPDR Gold Shares (NYSEArca: GLD), the world's biggest gold ETF, lowered at the opening, dropping 4 percent in early trade as it slid to levels not seen in nearly three years, and gold bullion prices broke through the $ 1,300 - a-troy-ounce mark.
The TSX was weighed down by a drop of almost two per cent in the much - battered gold sector as bullion prices resumed sliding after the Fed move.
The first is that the GDXJ appears to be well ahead of gold in terms of valuation, but since gold and silver stocks ALWAYS lead gold and silver bullion prices, the GDXJ's performance year - to - date bodes very well for the outlook for physical metal prices into Q4 / 2016 and beyond.
But it's not just bullion prices, said Robert Gorman, chief portfolio strategist at TD Waterhouse.
For this purchase, compare bullion prices at local and online dealers.
On the right side, by contrast, you can see that the strong dollar pushed bullion prices down 6 percent in September, historically gold's strongest month.
The following report is an examination of pertinent evidence against the ESF, as well as information implicating the Federal Reserve in a scheme to artificially depress bullion prices.
This won't be a problem if you own a precious metals fund that holds TSX - listed gold stocks, but it might be if you have a fund tracking gold bullion prices (unless it uses hedging, like Claymore Bullion Trust).
It is the worst time to purchase silver as bullion prices are higher due to the uncertainty of stocks and currency.
At some point, bullion prices should find a bottom and experience new uptrends, which should help ease the squeeze on company margins.
The company's gold division, despite the strong rise in the bullion price, remains second - rate and most of this year's forecast pre-tax and pre-interest profit of $ 132 million (up 12 per cent on 2003) will come from tantalum.
Earlier this week, Goldman Sachs dropped its bullion price forecast for 2013 to US$ 1,545 an ounce, down from a prior forecast of US$ 1,610.
It's important to note that new mine supplies are a less important determinant of the gold price because most of the gold that's ever been mined still constitutes supply, but I think it does have profound implications for equity pricing in the gold business; less important to the bullion price, but very important to some share prices.