Gold posted modest gains on Thursday amid a weaker dollar, on a thin day of trading in the final session before the Christmas holiday.
On the Comex division of the New York Mercantile Exchange, gold for February delivery traded in a tight range between $1,069.30 and $1,076.40 an ounce, before settling at $1,076.10, up 8.00 or 0.75% on the session. Following several days of choppy, volatile trading last week marked by wild fluctuations in metal prices, gold has stabilized throughout the abbreviated week. The precious metal closed on Thursday only several percentage points below its level toward the end of last week after the Federal Reserve abandoned a seven-year zero interest rate policy by approving its first rate hike in nearly a decade.
Gold likely gained support at $1,046.20, the low from December 3 and was met with resistance at $1,179.10, the high from Oct. 20.
B2Gold Corp (NYSEMKT:BTG) closed at $1.08 up 2.86% from previous close and at a distance of -4.59% from 20-day simple moving average, earnings per share reached a value of $ – 0.42. Earnings are projected to move up 20.00 percent for the coming five years.
AngloGold Ashanti Limited (ADR) (NYSE:AU) share price increased in the last trading session with a previous 52-week high of $13.12. The stock traded at a volume of 912,374 shares at a price gain of 1.77%.The share price is now down- 7.32% for the past three months. Latest closing price was 0.35% above its 50-day moving average and -12.02% below its 200-day moving average.
Yamana Gold Inc. (USA) (NYSE:AUY) jumped 5.29% at the end of recent close. Its previous 52-week high was $4.76, trading at a volume of 8,471,960. Shares have risen -33.98% over the trailing 6 months. The stock is currently trading -4.91% below its SMA 50 and -25.36% below its SMA 200.