JGLD - Miners Remain On Track Despite Gold's Rollercoaster Ride

• Gold finished August trading at $1,813.62 per ounce, nearly unchanged from its July finish at $1,814.19 per ounce.
• Following the “flash crash”, gold managed to climb back above $1,800 per ounce, supported by mounting concern around the impact of the COVID Delta variant on growth, a Michigan consumer sentiment reading that was the lowest in almost a decade and U.S. retail sales below forecast.
• We believe that, in recent years, gold companies have consistently demonstrated a disciplined capital allocation approach focused on delivering attractive return of capital.

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