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Stock impact report

New Gold (NGD) Touches 13-Year High on Gold's Jump [Yahoo! Finance]

New Gold Inc. (NGD) 
NASDAQ:AMEX Investor Relations: newgold.com/investors
Company Research Source: Yahoo! Finance
New Gold Inc. (NYSEAMERICAN:NGD) rallied for a third straight session on Monday to hit a new 13-year high, as investors took heart from gold prices' jump to a new all-time high as investors resorted to safer assets amid ongoing geopolitical tensions. At intra-day trading, the stock climbed by 7.9 percent to as high as $10.79, a level it last touched in December 2012, before trimming gains to end the day just up by 5.40 percent at $10.54. The stock mimicked the rally in spot prices of gold which soared to an all-time high of $4,600 after Federal Reserve Chairman Jerome Powell revealed that he was being threatened by President Donald Trump of criminal indictment due to the central bank's interest rates path, sparking investor concern over the agency's independence. Pixabay/Public Domain It can be recalled that Trump has been criticizing Powell over the past few years due to disagreements over interest rates, arguing that the central bank should lower interest rates to boost econo Show less Read more
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