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ALGLD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    2.5913$
  • Previous Close
    2.7557$
  • 52 Week Change
    3.55$
  • Day Range
    -0.16$
  • 52 Week High/Low
    2.299$ - 5.8467$
  • Dividend Per Share
    0.0108
  • Market cap
    7 599 K$
  • EPS
    -0.04
  • Beta
    -0.127
  • Volume
    --

About

ALGLD.PA is the stock ticker symbol for ArcelorMittal, a multinational steel manufacturing corporation, listed on the Euronext Paris stock exchange. This symbol is used by investors and traders to identify and track the company's shares on the French stock market. ArcelorMittal is a leading global steel producer with operations in numerous countries and a wide range of steel products catering to various industries. The .PA suffix denotes its listing specifically on the Paris exchange.
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Factors

Gold Prices: ALGLD.PA tracks gold, so gold price fluctuations directly affect its value. Rising gold prices usually increase ALGLD.PA, and vice versa.

Euro/USD Exchange Rate: Since gold is priced in USD and ALGLD.PA is in EUR, changes in the EUR/USD exchange rate impact its price. A stronger Euro can lower ALGLD.PA's price, while a weaker Euro can increase it.

Interest Rates: Higher interest rates can make gold less attractive compared to interest-bearing assets, potentially decreasing gold and ALGLD.PA's price.

Inflation: Gold is often seen as an inflation hedge. High inflation can drive investors towards gold, increasing demand and potentially raising ALGLD.PA's price.

Geopolitical Events: Political instability and global crises can increase demand for safe-haven assets like gold, potentially boosting ALGLD.PA.

Market Sentiment: Overall investor confidence or fear can influence gold demand. Uncertainty often leads to increased gold investment.

Supply and Demand: Global gold supply, mining production, and central bank activities affect overall availability and price. Increased supply can suppress prices.

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