The price of gold soared to a new high! Gold stocks exploded collectively, surging by more than 19%. What happened overnight?
Gold and silver prices soared, spurred by the ECB's announcement of interest rate cuts and expectations that the Federal Reserve would cut interest rates. On Thursday evening, spot gold rose more than 2,560 US dollars/ounce during the intraday period, reaching a record high. Affected by this, US gold stocks strengthened across the board. Coldron Mining soared by more than 19%, and Hecla Mining surged nearly 9%.
Gold Rallies to Another Record High; Analyst Says Could Go 'a Lot Higher'
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Scotiabank analyst Eric Winmill maintains $New Gold(NGD.US)$ with a buy rating, and maintains the target price at $2.75.According to TipRanks data, the analyst has a success rate of 54.8% and a
Gold Miners Eye Best 1-Day Rally In 6 Months As Gold Hits Fresh Record Highs: 'Today's Environment Closely Resembles The 1970s'
Three bullish factors hit, gold hits another historical high!
Gold is booming, where is the next challenge?
Gold Futures End Lower