Gold mining stocks rise as bullion climbs after inflation-driven slide
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Gold mining stocks are trading higher on Wednesday, tracking a modest rebound in bullion after the precious metal tumbled in the previous session following hotter-than-expected U.S. inflation data. Our AI stock portfolio is beating the S&P 500 by 118%. Discover…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishGold and miners rebound after a slide triggered by hotter-than-expected US inflation data.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Newmont gains 0.7% and Barrick Mining 1.3% in premarket trading.
- 02Spot gold is up 0.3% at $4,043 an ounce.
- 03In London, Antofagasta, Glencore and Anglo American rise between 2% and 2.3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Newmont Corporation118.63 USD-1.11%today -1.11%Positive Agnico Eagle Mines Limited186.85 USD-1.90%today -1.90%Positive Barrick Mining Corporation39.25 USD-1.11%today -1.11%Positive Glencore plc510.00 GBp-0.62%today +1.07%Positive Antofagasta plc3,264.00 GBp-0.61%today +0.93%Positive Gold4,038.00 USD0.00%today +0.19%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets