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Key Takeaways
- The value of gold hit an all-time excessive Thursday as traders sought secure haven property amid tariff-fueled volatility.
- Shares of gold mining firms additionally surged, with Newmont's features making it best-performing inventory within the S&P 500 Thursday.
- The rally for gold and miner shares got here as broader markets declined, giving again a major chunk of Wednesday's historic features.
The value of gold hit an all-time excessive Thursday, with shares of Newmont (NEM) and different miners surging together with it as traders sought secure haven property amid tariff-fueled volatility.
The value of gold was up almost 4% Thursday afternoon to a file $3,193.80 per ounce. In the meantime, Newmont shares rose shut to five%, making it best-performing inventory within the S&P 500 Thursday. Barrick Gold (GOLD) shares added almost 4%, whereas Kinross Gold (KGC) climbed 5%, and Gold Fields (GFI) jumped over 8% to shut at an all-time excessive.
Lengthy seen as a secure haven asset, traders have flocked to gold amid worries about tariffs and financial uncertainty. Thursday’s rally for gold and miner shares got here as broader markets declined, giving again a major chunk of Wednesday’s historic features. (Learn Investopedia’s dwell protection of right now’s market motion right here.)
