The Traderszone Network

Published in TZ Latest News 11 January, 2017 by The TZ Newswire Staff

Barrick Gold Doubled in 2016. Will It Soar Even Higher in 2017?

With prices rising as much as 21% last August, gold looked like it was bouncing back last year from the slide that it has endured since 2013. Donald Trump’s election put an end to that, though — from the election to the end of December, the price of gold fell nearly 11%.

In the midst of this volatility, however, shares of Barrick Gold (NYSE: ABX), a global leader among gold stocks, climbed more than 106%. Let’s dig into the company’s performance in 2016, and see what we can expect in 2017.

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