Gold prices and exchange traded funds (ETFs) are adding to their gains on improved confidence about debt in the Eurozone and Washington’s moves to assist small businesses.
Gold has also been given some support by a better-than-expected fourth-quarter GDP of 5.7% and an increase to 61.5 from 58.7 on the Chicago Purchasing Managers Index in December, gold prices have been gradually improving, as stated by Proactive Investors UK.
Steven Halpern at Blogging Stocks likes the prospects for smaller gold miners. Producers are selling gold at historically low prices and major producers are struggling. For those reasons, juniors and exploration companies are in favor at the moment.
For more information on gold miners, visit our gold miner category.
- Market Vectors Junior Gold Miners (NYSEArca: GDXJ)
- SPDR Gold Shares (NYSEArca: GLD)
- ETFS Gold Trust (NYSEArca: SGOL)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.