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Gold Stocks Rally Amid Jump In Price Of Precious Metal

WASHINGTON (Alliance News) - Gold stocks have shown a substantial move to the upside during ...

Alliance News 14 February, 2018 | 8:48PM
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WASHINGTON (Alliance News) - Gold stocks have shown a substantial move to the upside during trading on Wednesday, driving the NYSE Arca Gold Bugs Index up by 5.2%. The index continues to regain ground after ending last Friday's trading at its lowest closing level in over a year.

The rally by gold stocks comes amid a sharp increase by the price of the precious metal, with gold for April delivery spiking USD27.60 to USD1,358 an ounce.

Copyright RTT News/dpa-AFX

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