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newgold

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kingsol
Frequent Contributor
can any1 tell me what newgold tracks.?
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6 REPLIES 6
Shaun_Siddall
Super Contributor
Gold/dollar?
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kwagga
Super Contributor
R/$ exchange rate and gold price
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kingsol
Frequent Contributor
so if the gold dollar is 913 @ R8.39 = R76.60. so actually newgold is undervalued(currently @ R75.50). im not sure if if correct in saying so.
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kingsol
Frequent Contributor
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saash
Super Contributor
Take the gold price, multiply by the exchange rate. You get New Gold. Remember New Gold has a buy sell spread. Make sure that the spot prices your comparing are live.
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CrownA
Super Contributor
Newgold is the Rand price of Gold, with a factor for hedging, interest on the purchase of the actual underlying, and for ABSA's cut in the deal.
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