Gold is performing more like commodities lately as the price of oil is also falling. It’s hard to be a safe haven investment when the market is currently bullish. If the market was to turn bearish, gold may return back to its old form as investors look to sell stocks and put their money somewhere safe i.e. gold.
Gold Stocks
Kinross Gold Corporation (NYSE:KGC) is down 1.51% at $10.75 in midday trading. KGC has traded 3.8 million shares so far today and trades 8.8 million shares a day on average. KGC is down about $0.40 in the past three days as the price of gold has also dropped. The company has a market cap of 12.28 billion.
Goldcorp Incorporated (NYSE:GG) is up 0.76% today at $46.88. GG has traded 1.2 million shares in midday trading and trades close to 5 million shares a day on average. GG shares are up slightly after falling about $1.50 over the past two days. The company has a market cap of 38.01 billion.
Yamana Gold, Inc. (NYSE:AUY) is up 0.92% today at $16.47. AUY is trading average volume today with 2.6 million shares so far today and trades about 7.1 million shares a day on average. AUY shares fell about $0.50 a share between last Friday and yesterday. The company has a market cap of 12.27 billion.
SPDR Gold Trust (NYSEARCA:GLD) is down 0.06% today at $164.97. GLD has traded 5.2 million shares so far today and trades 12.8 million shares a day on average. GLD is down a dollar in the past couple of days.
Barrick Gold Corporation (NYSE:ABX) is down 0.03% today at $45.62. ABX has traded 2.3 million so far today and trades 7 million shares a day on average. The company has a market cap of 45.66 billion.
Eldorado Gold Corp. (NYSE:EGO) is up 1.06% in midday trading at $14.36. EGO has traded just over a million shares so far today and trades 3.7 million shares a day on average. EGO is up $0.60 in the past week. The company has a market cap of 7.91 billion.
New Gold Inc. (AMEX:NGD) is down 0.10% today at $10.11. NGD has traded 1.5 million shares so far today and trades 2.7 million shares a day on average. NGD has dropped more than $0.70 a share in the past few days. The company has a market cap of 4.66 billion.
Iamgold Corporation (NYSE:IAG) is up 0.14% today at $14.10. IAG has traded 972 thousand shares so far today and trades 2.4 million shares a day on average. IAG shares have dropped about $0.60 in the past few days before rising slightly today. The company has a market cap of 5.29 billion.