Gold and Mining Stocks Slip Despite Market Rally

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Samiat

Member
Nov 12, 2024
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Gold and Mining Stocks Slip Despite Market Rally​

Key Points:

  • Gold prices and mining stocks dropped Monday as markets rallied on easing U.S.-China trade tensions.
  • The pullback follows recent highs driven by investor demand for safe-haven assets amid tariff fears.
  • Major miners like Barrick (B), Alamos Gold (AGI), Newmont (NEM), and Agnico Eagle (AEM) traded lower.
Gold futures fell over 2% Monday, dipping to a session low of $3,207.96 per ounce, after recently hitting record highs above $3,500. The shift comes as investors rotate out of safe-haven assets like gold and into equities, following a 90-day tariff truce between the U.S. and China.
 
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