Philadelphia Gold and Silver Index
Encyclopedia
The Philadelphia Gold and Silver Index is an index
of eleven precious metal
mining companies that is traded on the Philadelphia Stock Exchange
. The index is represented by the symbol "XAU", which may be a source of some confusion as this symbol is also used under the ISO 4217
currency standard to denote one troy ounce
of gold
. The Philadelphia Gold and Silver Index and the NYSE Arca Gold BUGS Index are the two most watched gold indices on the market.
Source:
Index fund
An index fund or index tracker is a collective investment scheme that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.-Tracking:Tracking can be achieved by trying to hold all of the...
of eleven precious metal
Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...
mining companies that is traded on the Philadelphia Stock Exchange
Philadelphia Stock Exchange
Philadelphia Stock Exchange , now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States, founded in 1790. It is now owned by NASDAQ OMX and located at 1900 Market Street, in Center City Philadelphia.-History:...
. The index is represented by the symbol "XAU", which may be a source of some confusion as this symbol is also used under the ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...
currency standard to denote one troy ounce
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...
of gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
. The Philadelphia Gold and Silver Index and the NYSE Arca Gold BUGS Index are the two most watched gold indices on the market.
Index Components
| Company | Symbol |
|---|---|
| Barrick Gold Corp | |
| Agnico Eagle Mines Ltd | |
| Anglogold Ashanti Ltd | |
| Yamana Gold Inc | |
| Compania de Minas Buenaventura | |
| Freeport-McMoran Copper & Gold Inc | |
| Gold Fields Ltd | |
| Goldcorp Inc | |
| Randgold Resources Ltd | |
| Harmony Gold Mining Co Ltd | |
| Kinross Gold Corp | |
| Newmont Mining Corp | |
| Pan American Silver Corp | |
| Royal Gold Inc | |
| Silver Wheaton Corp | |
| Silver Standard Resources Inc |
Source: