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Gold Miners Slammed By US-China Trade Truce: Is It Time To Take Profit?
Wednesday, May 14, 2025 - 4:21pm | 687Gold miners’ stocks, 2025’s standout performers, faced a sharp reversal this week as investor appetite for safe havens cooled following the U.S.-China trade truce, raising fresh doubts about the sustainability of the sector’s explosive rally. The VanEck Gold Miners ETF (NYSE:GDX)—...
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Golden Cross Glitter: Newmont Q1 Earnings Loom As Technicals Shine
Wednesday, April 23, 2025 - 12:08pm | 568Newmont Corp (NYSE:NEM), the world's largest gold miner, is preparing to report its first-quarter earnings amid a technically bullish setup on Thursday. Wall Street expects $0.55 in EPS and $3.3 billion in revenues as the company reports after market hours. The stock is up 39.41% over the past year...
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Will Gold, Mining Stocks Ride A 'V-Shaped Recovery'? Analysts Say Accumulate 'Oversold Miners'
Wednesday, January 15, 2025 - 10:01am | 653As metals markets weather volatility, optimism for a “V-shaped recovery” is gaining traction. JPMorgan analysts Dominic O’Kane and Patrick Jones suggest China's expected fiscal stimulus could be the turning point for the sector. With metal prices poised for a rebound, they urge...
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Gold Mining Leaders Barrick, Newmont Sink Deeper As Death Cross Looms
Friday, December 27, 2024 - 12:24pm | 652The 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...
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Gold Mining Stocks Notch Ninth Positive Day, Hit August 2020 Highs: 'Today Is A Good Time To Add Exposure,' Analyst Says
Tuesday, October 22, 2024 - 4:11pm | 682Gold 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...
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Rate-Cut Prospects Fuel Investor Risk Appetite, Gold Hits Record Highs, Harris Outperforms Trump: This Week In The Markets
Friday, September 13, 2024 - 4:45pm | 797The 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...
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Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done
Tuesday, July 16, 2024 - 4:02pm | 748Gold 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...
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April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
Tuesday, April 30, 2024 - 4:38pm | 1922As 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...
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Gold Glitters On Stagflation Tailwinds: Newmont Soars 13% In Biggest Post-Covid Gain, Leads Mining Sector Surge
Thursday, April 25, 2024 - 2:37pm | 911Newmont 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....
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Stocks Drop, Tech Tumbles With Meta's Weak Outlook, Q1 Stagflation Fears; Gold Miners Advance: What's Driving Markets Thursday?
Thursday, April 25, 2024 - 1:30pm | 1146Wall 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...
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Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard
Monday, April 22, 2024 - 4:07pm | 721Gold 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...
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Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals 'Dance To Their Own Tune'
Tuesday, April 9, 2024 - 10:44am | 708Gold 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...
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Gold Shines Above $2,300, Ends Another Week At Record High: Mining Stocks Rally To 11-Month Peak
Friday, April 5, 2024 - 4:18pm | 852Gold 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...
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Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains
Thursday, March 28, 2024 - 4:12pm | 600Gold 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...
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Gold Mining Stocks Eye Best Month In A Year As 'Golden Era' For The Precious Metal Looms
Tuesday, March 26, 2024 - 1:25pm | 601March 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...