US Stock Market Move | The gold sector is rising, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) has increased more than 7%.
Gold prices rise, spot gold breaks through $3560, continuing to hit record highs.
On Wednesday, the gold sector rose, with spot gold breaking through $3560 and continuing to set new historical highs. As of the time of writing, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) rose over 7%, Royal Gold, Inc. (RGLD.US) rose 0.34%, Coeur Mining, Inc. (CDE.US) rose over 3%, New Gold (NGD.US) rose over 1%, DRDGOLD (DRD.US) rose over 5%, Kinross Gold Corporation (KGC.US) rose over 2%. According to compiled and published data by Tavi Costa, partner and macro strategist at Crescat Capital on X, at the time of the record-breaking gold price, the gold holdings of foreign central banks have surpassed U.S. treasuries for the first time since 1996.
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