TORONTO, Dec 4- Goldcorp Inc, the world's most valuable gold miner, said on Friday that Chief Executive Chuck Jeannes will retire after the company's annual meeting in April 2016, with current HudBay Minerals Inc Chief Executive David Garofalo to succeed him. Prior to that, he spent nearly 17 years with Glamis Gold, which was taken over by Goldcorp for $8.6 billion...
Professional and retail traders are aligned on where they think the yellow precious metal is going next.
The plunge in oil and the strong dollar are the lead factors in determining stocks to buy or short as the fourth quarter earnings reports come out.
Gold rallied on Tuesday, pushing gold mining stocks as much as 11 percent higher, as investors switched into risk aversion mode.
Gold erased this year's gains, dragging gold mining stocks as much as 6 percent lower, as the dollar soared on a gangbusters labor report.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Gold extended losses for a fourth straight day as outflows from physical gold funds pointed to weak investment appetite.
Gold ended lower as the dollar gained and accommodative Fed policy counterbalanced worries over the strength of Chinese demand.
Some of Wednesday's midday movers:
Gold settled lower as investors started to factor in expectations the Fed will maintain monetary stimulus.
Take a look at some of Thursday midday movers:
Gold settled nearly 1 percent higher at $1,328 on Thursday, after briefly extending the previous day's 2 percent sell-off.
Gold mining stocks have lost their luster as commodity prices fall. But investors may be missing improving fundamentals, say fund managers.
More Americans are wealthier, whether from a successful IPO or a 401(k). And CNBC's Jim Cramer said that it makes sense to invest those gains in stocks.
Check out which companies are making headlines after the bell Thursday:
The crash in gold prices has frozen the market for the commodity and several companies will be victims, Jim Cramer says.
Check out which companies are making headlines after the bell Wednesday.
TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported better-than-expected quarterly results on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.
TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.
*Sees strong performance at Meadowbank mine in Canada. Oct 24- Canada's Agnico-Eagle Mines Ltd reported a quarterly profit on record gold production on Wednesday and boosted its output forecast for the year by 5 percent.