Gold stocks surged late Wednesday after the Federal Reserve unexpectedly decided to keep stimulus in place. The Federal Open Market Committee stated that more data supporting economic recovery would be needed before stimulus measure would be scaled back. Gold futures spiked to a high of $1,367.80 an ounce after the Fed's decision was announced. "This changes the landscape of what everyone expected. What this does is really keeps the (gold) buying coming," said Bill Baruch, Senior Market Strategist at iiTRADER.
Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) shares traded in the range of $19.06 to $20.18 Thursday before settling to close at $19.44, a decrease of 3.33 percent. The stock appears to be facing some resistance at the $19.68 and $21.18 levels with some support at $18.35. Shares of Barrick Gold have fallen approximately 44.0 percent in 2013.
More information on Barrick Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ABX
AngloGold Ashanti Limited (NYSE: AU) shares traded in the range of $13.68 to $14.50 Thursday before settling to close at $13.81, a decrease of 3.43 percent. The stock appears to be facing some resistance at the $14.92 and $16.32 levels with some support at $13.42. Shares of AngloGold Ashanti have fallen approximately 56.0 percent in 2013.
More information on AngloGold Ashanti and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AU
Harmony Gold Mining Co. (NYSE: HMY) shares traded in the range of $3.70 to $4.00 Thursday before settling to close at $3.79, an increase of 8.01 percent. The stock appears to be facing some resistance at the $3.91 and $4.34 levels with some support at $3.65. Shares of Harmony Gold Mining have fallen approximately 57.0 percent in 2013.
More information on Harmony Gold Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HMY
Royal Gold, Inc. (NASDAQ: RGLD)(TSX: RGL) shares traded in the range of $53.37 to $56.66 Thursday before settling to close at $54.33, a decrease of 3.01 percent. The stock appears to be facing some resistance at the $55.58 and $58.91 levels with some support at $51.85. Shares of Royal Gold have fallen approximately 33.0 percent year-to-date.
More information on Royal Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RGLD
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