Why Gold Miner Stocks Plunged Today on a Great day for the Markets [Yahoo! Finance]
Gold.com, Inc. (GOLD)
Last gold.com, inc. earnings: 2/12 07:00 am
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randgoldresources.com
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Source: Yahoo! Finance
The declines were all the more notable as the broader market indexes were up strongly on the day. Yet the move wasn't surprising, as the price of gold fell 3.4% today. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Gold has generally been moving higher in recent months, and generally in the opposite direction of markets, due to the instability caused by the Trump administration's tariff policies. As angst over worst-case scenarios were partially soothed today due to President Trump appearing to walk back from the administration's maximalist positions last night, markets rallied and gold fell. Gold is often thought of as a "safe haven" asset, or the ultimate hedge against geopolitical catastrophe and perhaps runaway inflation in developed countries. Since President Trump took office, the price of the metal has rallied, as various policy positions and statements from the administration have in
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