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‘Look for a short-term bounce in Randgold'

With gold trading at five-year lows, IG analyst Chris Beauchamp looks at the impact on mining companies and how to trade them. 

Chris picks out Acacia Mining, Randgold Resources and Fresnillo. He says after Randgold hit multi-year lows last week, you should look for a short-term bounce to around £41.37. Acacia is testing key support of £2.30 and he fears it could push down to £1.90.  Fresnillo also has more downside to come, and his target would be £4.40.

 

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