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For the month, spot gold closed at $1,244.55 up $38.90 per ounce, or 3.23 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 10.80 percent. The U.S. Trade-Weighted Dollar Index rose 1.59 percent for the month. Also for January, the Philadelphia Gold & Silver Index (XAU) rose 7.92 percent. The S&P/TSX Global Gold Index rose 16.63 percent, while the FTSE/JSE African Gold Mining Index rose 27.52 percent.
For the month of January, the Gold and Precious Metals Fund (USERX) rose 8.00 percent, while the World Precious Minerals Fund (UNWPX) rose 8.92 percent. See complete fund performance here.
Past performance does not guarantee future results.
The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies involved primarily in the mining for gold and silver. The index benchmark value was 500.0 at the close of trading on December 20, 2002. The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar. The Philadelphia Stock Exchange Gold and Silver Index (XAU) is a capitalization-weighted index that includes the leading companies involved in the mining of gold and silver. The S&P/TSX Global Gold Index is an international benchmark tracking the world's leading gold companies with the intent to provide an investable representative index of publicly-traded international gold companies. The FTSE/JSE African Gold Mining Index is a market capitalization weighted index. (Returns are quoted as price return in the home currencies of each index. For example, the S&P/TSX Canadian Global Gold Index is calculated using Canadian Dollars.) The COMEX is the primary market for trading metals such as gold, silver, copper and aluminum.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
Holdings in the Gold and Precious Metals Fund and World Precious Minerals Fund as a percentage of net assets as of 12/31/2013: Atico Mining Corp (Gold and Precious Metals Fund 1.13%, World Precious Minerals Fund 0.56%), Barrick Gold Corp (Gold and Precious Metals Fund 2.93%, World Precious Minerals Fund 0.45%), Brinks 0.00%, ChowTai Fook 0.00%, Franco-Nevada Corp (Gold and Precious Metals Fund 1.54%, World Precious Minerals Fund 0.63%), Goldcorp Inc (Gold and Precious Metals Fund 0.21%, World Precious Minerals Fund 0.19%), Klondex Mines Ltd (Gold and Precious Metals Fund 6.15%, World Precious Minerals Fund 6.46%), Newmont Mining Corp (Gold and Precious Metals Fund 0.18%, World Precious Minerals Fund 0.16%), Northern Star Resources 0.00%, Virginia Mines Inc (Gold and Precious Metals Fund 0.00%, World Precious Minerals Fund 6.62%).