Here's Why These Gold Stocks Are Soaring Today [The Motley Fool]
Pretium Resources, Inc. Ordinary Shares (Canada) (PVG)
Last pretium resources, inc. ordinary shares (canada) earnings: 4/30 07:35 pm
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Source: The Motley Fool
Here's Why These Gold Stocks Are Soaring Today What happened Most gold stocks delivered impressive gains today after gold prices hit 0-month highs. The run-up in precious-metals prices comes on the heels of multiple news items, most notably a report from the World Trade Organization showing an important indicator of global trade in goods hit a nearly 0-year low. When the economy slows down -- or is at risk of doing so -- investors tend to seek out more exposure to gold. A handful of gold stocks were soaring by double digits today. Shares of Pretium Resources ( NYSE:PVG AngloGold Ashanti NYSE:AU Sibanye-Stillwater NYSE:SBGL Shares of each company settled at double-digit gains at market close. Image source: Getty Images. So what Surging optimism in the near-term outlook for gold prices is providing the largest benefit to struggling producers. Both AngloGold Ashanti and Sibanye-Stillwater have been weighed down by political uncertainty and inefficient operations in South Africa, where mu
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