Today wasn’t a good day for ETFs or mining stocks, despite the fact that gold prices are increasing.
Most affected by a 6.25% decline to $31.85 was Newmont Mining Corp. Also Randgold Resources Limited their stocks decreased around $3. Gold Miners ETF Market Vectors stock dropped by 2.3% at the same time Junior Gold Miners ETF Market Vectors dropped around 2.14%.
Only few had a slight improvement today. As Allied Nevada Gold Corp. improved by 3.68%, also Barrick Gold Corp. increased by 0.05%. Novagold Resources Inc. stayed as it is at $2.47. The only ETFS that made a change was Physical Asian Gold by 0.87%.