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U.S. stocks are experiencing unusual movements | Spot gold has fallen below the $3,300 mark, and Golden Industrial Concept stocks have declined.
On April 23, according to Ge Long Hui, spot gold corrected, falling below the key level of $3,300 per ounce. U.S. gold stocks declined, with Gold Fields and Harmony Gold Mining dropping over 7%, Kinross Gold and Barrick Gold falling over 5%, and U.S. Gold Corp dropping over 4%. (Ge Long Hui)
Shares of Gold Stocks Are Trading Lower as Gold Prices Drop After President Trump Said He Has No Intention of Firing Fed Chair Powell and Indicated the Final Tariff Rate With China Would Be "Substantially" Lower Than the Current 145%. These Comments...
Express News | Newmont Corp Down 4.3%, Barrick Gold Down 5.3%
Express News | U.S.-Listed Shares of Gold Fields Down 7.6%, Harmony Gold Down 7.5%, Anglogold Ashanti Down 7.8%, Kinross Down 6%
Express News | Shares of Gold Miners Fall as Bullion Price Eases From All-Time Highs
China responded cautiously, and Trump seems to be "talking to himself" regarding negotiations with China! The Global market cleared up the gloom, and Gold broke below 3300.
After the Trump administration eased some tensions troubling investors, on Wednesday (April 23), the Global markets were brightened up, Stocks surged, Bonds rose, and Gold fell sharply, temporarily dropping below the 3300 mark.