Gold Miners

The glitter of gold is losing its luster for two mining giants, Barrick Gold Corp (NYSE:GOLD) and Newmont Corp (NYSE:NEM), as both stocks have hit a technical Death Cross—a bearish signal when the 50-day moving average falls below the 200-day moving average. For those betting on these miners to...

Gold mining stocks, as tracked by the VanEck Gold Miners ETF (NYSE:GDX), extended their winning streak on Tuesday to nine consecutive sessions, reaching their highest levels since August 2020. This marks the longest run of gains for gold miners in over three years, driven by strong investor demand...

The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite. The latest batch of inflation statistics for August have given the green light for the Federal...

Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed will cut interest rates at its September meeting. Jerome Powell‘s remarks during his interview...

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...

Newmont Corp. (NYSE:NEM), the world’s largest gold miner, saw its share price spike 13% on Thursday after the Denver-based company posted stronger-than-expected earnings. This ignited a broad-based rally in the gold mining industry, despite the overall weak investor sentiment elsewhere....

Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase for the U...

Gold prices declined 2.7% Monday to below $2,350 as of 3 p.m. EST as geopolitical risks wane. Silver, closely associated with gold, experienced an even sharper downturn, plummeting by 5.1% — its most substantial drop since last October. What Happened: Market sentiment toward the precious metals...

Gold prices are projected to jump to $3,000 per ounce by 2025, according to Bank of America, buoyed by strong demand from central banks and the anticipation of investors returning to the market once the Federal Reserve begins to slash interest rates. Michael Widmer, the bank’s commodity...

Gold closes out another week at all-time highs above $2,300 per ounce. Demand remains high after a March jobs report came in hotter than predicted. The bullion exhibited an impressive resilience this week, diverging from its typical sensitivity to interest rate concerns. Gold marked its sixth week...

Gold prices surged past $2,220 an ounce during Thursday’s New York trading session, achieving a new all-time high amid growing anticipation of coordinated interest rate reductions by major central banks. With an 8.5% increase in March 2024, this marks gold’s best monthly performance...

March 2024 has been a golden month for gold mining stocks, marking their best performance in a year. The catalyst? A mix of anticipation for lower interest rates and robust demand from central banks sent gold prices — and consequently, gold mining stocks — soaring. The bullion found support at $2...

The price of gold reached all-time high of over $2,200 per ounce this week, reacting positively to the indications emerging from the latest Federal Open Market Committee (FOMC) meeting in which policymakers reiterated their intentions to cut interest rates three times in the current year. The...

Gold prices are projected to rise to $2,500-$2,600 per ounce, representing an attractive portfolio hedge for equity investors, according to a Bank of America report published this week. As the precious metal surged to fresh record highs following the Fed March meeting, investment and ETF...

If someone were to tell you that NVIDIA Corp. (NASDAQ:NVDA) and its peers, as represented by the iShares Semiconductor ETF (NASDAQ:SOXX), didn’t lead the pack in the first week of March, you might find it hard to believe. However, an old-economy industry, far distant from the AI hype,...