Gold Stocks Shine. Barrick Mining, Anglogold, Harmony Gold, Gold Fields up over 6%; Newmont up over 4%; Coeur Mining up 3%
Tiger Newspress
Nov 10
Gold stocks shined on Monday. Barrick Mining, Anglogold, Harmony Gold, Gold Fields up over 6%; Newmont up over 4%; Coeur Mining up 3%.
Gold rose for a second day as a weakening US economy increased the chance of a rate cut next month, outweighing progress on ending the government shutdown in Washington.
Spot gold jumped over 2% to trade above $4,100 an ounce at one time on Monday. The precious metal built on gains made on Friday as a measure of US consumer sentiment fell to near the lowest on record, with the shutdown and rising prices souring. A private report the day before signaled a weak labor market.
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.