Gold Dips as Central Banks Stall on Stimulus (Update 1)
Written by: Joe Deaux
Tickers in this article:
ABX AEM KGC NEM GOLD
A better-than-expected result could hurt gold prices in the near term, but a miss may give the precious metal a bump. But short-term movements may be all the Friday jobs number can provide to gold.
"It's entirely conceivable that after 11.5 years we're going into two- or three-year mode where gold is either flat or negative returns," said Nadler. "And that's not going to be lethal, per se, it's to be expected."
Gold mining stocks were mixed Thursday. Barrick Gold(ABX) and Agnico-Eagle Mines(AEM) were flat. Randgold Resources(GOLD) was the biggest gainer, up 1.3%.
Among other mining stocks, Kinross Gold(KGC) and Newmont Mining(NEM) were down 3.9% and 0.8%, respectively.
-- Written by Joe Deaux in New York.
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