Gold moved up on Friday, recovering from early lows, as positive U.S. nonfarm payrolls data did not change an outlook that the Federal Reserve will carry on to utilize bullion-friendly economic spur to increase growth.
For the week, gold bars were down 0.7 percent for a second repeated weekly loss.
The metal dropped to a one-month low former in the session as safe-haven trade dried up after data showed U.S. employers appointed more workers than anticipated in November and jobs enlargement residual on a sturdy but slow path.
Spot gold jumped 0.2 percent at $1,702 an ounce by 2:27 p.m. EST (1927 GMT), bouncing back from a one-month low of $1,683.79.
U.S. COMEX gold futures for December liberation settled up $3.70 an ounce at $1,705.50, with trading volume more than 30 percent under its 30-day average. Coming towards some gold Stocks. Barrick Gold Corporation (USA) (NYSE:ABX) jumped +0.51% with the closing price of $33.60.
The overall volume in the last trading session was 5.73 million shares. Its fifty two week range was $31.00-$50.57. The total market capitalization remained $33.62 billion.
ABX is ahead its 52 week low with 9.59% and its last month price volatility remained 2.55%. Its beta coefficient was 0.38 with a target price of $51.36. ABX has insider ownership of 0.01% with its institutional ownership remained 73.94%. Company’s current year earnings per share grew with 29.15% while the five year EPS growth rate was +25.85%.
Kinross Gold Corporation (USA) (NYSE:KGC) gained +0.93% and closed at $9.72 with the overall traded volume of 5.31 million shares. Stock price 52 weeks high was $13.72 and 52 weeks low price was $7.11. KGC has market cap of 11.08 billion. Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.
Newmont Mining Corp (NYSE:NEM) surged +0.29% to close at $44.42 and its total traded volume was 4.69 million shares. NEM has earnings per share of $0.40 and its price to earnings ratio ended at 111.56. Newmont Mining Corporation (Newmont) is a gold producer.
