24H｜Gold Stocks Jump, Gold Resources up 5%, Harmony Gold and Kinross up 3%; Novo-Nordisk down 3% and Eli Lilly down 4%
Tiger Newspress
Oct 17
Gold stocks jumped in overnight trading.
Gold Resources up 5%; Harmony Gold, Kinross, Coeur Mining up 3%; Gold Fields up 1%.
Gold and silver soared again to new all-time highs Thursday, sparked by concerns about credit quality in the economy, in addition to U.S.-China trade frictions and growing expectations for further interest rate cuts by the Federal Reserve. Spot gold was up to $4,357 per ounce as of 8:31 p.m. ET.
U.S. President Donald Trump said on Thursday that the price of Novo Nordisk's best-selling weight-loss drug would be lowered and that negotiations over price changes would be swift.
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