US Stock Market Move | Golden concept stocks generally rise AngloGold Ashanti (AU.US) up more than 2%
On Tuesday, gold sector stocks surged, with AngloGold Ashanti (AU.US) rising more than 2%, Coeur Mining (CDE.US), Harmony Gold (HMY.US), and Barrick Mining (B.US) all rising more than 1%.
On Tuesday, gold concept stocks rose across the board, with AngloGold Ashanti (AU.US) up over 2%, Coeur Mining, Inc. (CDE.US), Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US), and Barrick Mining (B.US) up over 1%. In terms of news, on January 13th, spot gold reached a historic new high of $4631.34 per ounce. The World Gold Council stated that from a technical perspective, gold is currently not overbought, and it will only enter a significantly overbought range when the price surpasses $4770 per ounce. Strategists at Duff & Phelps Investment Management Company pointed out in a report that based on recent price momentum and political dynamics at GEO Group Inc, the probability of spot gold breaking through $5000 per ounce this year has now exceeded 30%.
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