Ubika Gold 20 index soared 49% year over year, handily beating the 11% gain by the TSX Gold Index
With the unveiling of the Trump administration’s economic policies and the Fed’s March interest rate hike, the first quarter of 2017 proved to be quite volatile for gold bullion. Nonetheless, the Ubika Gold 20 Index (UG 20) gained 4.0% since January 30th, outperforming its benchmark TSX Gold Index but lagging gold bullion, which had gained 2.6% and 5.4%, respectively, over the same period. Guyana Goldfields Inc. (TSX: GUY) was the top-performing component company during the past two months, climbing 19% after the miner delivered an updated feasibility study for its Aurora Gold mine that expands both its reserves and its average annual production.
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With the unveiling of the Trump administration’s economic policies and the Fed’s March interest rate hike, the first quarter of 2017 proved to be quite volatile for gold bullion. Nonetheless, the Ubika Gold 20 Index (UG 20) gained 4.0% since January 30th, outperforming its benchmark TSX Gold Index but lagging gold bullion, which had gained 2.6% and 5.4%, respectively, over the same period. Guyana Goldfields Inc. (TSX: GUY) was the top-performing component company during the past two months, climbing 19% after the miner delivered an updated feasibility study for its Aurora Gold mine that expands both its reserves and its average annual production.
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