What’s Behind The Recovery In Gold Prices This Year?
Gold prices have averaged roughly $1,210 per ounce so far this year, around 4% higher than the average for the full year 2015. An increase in the investment demand for gold, driven by risk aversion among investors, has driven up the overall demand and prices of the yellow metal. This is reflected in the sharp year-over-year increase in demand for gold by ETFs, as indicated by Q1 gold demand data released by the World Gold Council earlier this month. Subdued global economic conditions and sluggish equity markets in addition to the Fed’s stance of a moderated interest rate hike cycle, have driven up the demand for gold as a safe-haven asset so far this year.
Have more questions about Newmont Mining? See the links below.
- What Is Newmont Mining’s Revenue And EBITDA Breakdown?
- What Is Newmont Mining’s Fundamental Value Based On Expected 2015 Results?
- How Has Newmont Mining’s Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Did Newmont Mining’s Revenue & EBITDA Decline In The Last 5 Years?
- By What Percentage Can Newmont Mining’s Revenue & EBITDA Grow In The Next 3 Years?
- How Will Newmont Mining’s Revenue Composition Change by 2020?
- Newmont Mining: A Look Back At The Year 2015
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