US Stock Movement | Gold Stocks Rise at Opening, Hecla Mining (HL.US) Surges Over 7%
Stock News
Oct 13
On Monday, US gold stocks climbed higher at the opening session, with Hecla Mining (HL.US) surging over 7%, Harmony Gold (HMY.US) advancing over 6%, Eldorado Gold (EGO.US) gaining over 4%, while Gold Fields (GFI.US) and Newmont (NEM.US) rose over 3%. On the news front, spot gold jumped 2% intraday, touching $4,090 per ounce and setting a new historical high. Zhao Yaoting, Global Market Strategist for Asia Pacific at Invesco, noted that even though gold has reached historical peaks and has diverged from traditional valuation drivers such as the US dollar and real interest rates, and despite seemingly elevated prices, the upward momentum in gold prices may continue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.