SOURCE: Paragon Financial Limited

Paragon Financial Limited

April 04, 2012 08:20 ET

Gold Prices Fight to Maintain Positive Gains

The Paragon Report Provides Stock Research on Goldcorp Inc. and Gold Fields Ltd.

NEW YORK, NY--(Marketwire - Apr 4, 2012) - After a positive start to the year, gold mining stocks have been dropping as of late. The Market Vectors Gold Miners ETF (GDX) over the last month is down more than 4 percent. An improving U.S. economy has got investors looking elsewhere. The Paragon Report examines the outlook for companies in the Gold Industry and provides investment research on Goldcorp Inc. (NYSE: GG) and Gold Fields Ltd. (NYSE: GFI).

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Gold prices recently have been in a struggle to maintain upwards momentum, which is currently down roughly 12 percent from its record high of $1,900 in September. "Gold is also lacking sufficient investment enthusiasm to be able to sideline the physical market as it did earlier in the year thus, in turn, prices are struggling to gain momentum," said Barclays.

The improving U.S. economy has also clouded the future for gold. "The wider macro environment is generally improving... so I think that's creating some headwinds, and also the European banking crisis settled down, so there's less need for safe haven of gold at this point," Standard Chartered analyst Daniel Smith said.

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Goldcorp inc. announced its fourth monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Friday, April 13, 2012 will be entitled to receive payment of this dividend on Friday, April 20, 2012.

Gold Fields Limited yesterday released its Integrated Annual Report for the financial year ended 31 December 2011 to shareholders and other interested parties. The report incorporates all aspects of the Group's business, including reviews of the South African, West African, Australasian and South American operations, the Group's exploration and development projects, as well as detailed financial, operational and sustainable development information.

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