NYSE:AU - New York Stock Exchange, Inc. - GB00BRXH2664 - Common Stock - Currency: USD
Gold prices surge over 50% in 14 months to hit record high of $20 trillion. Physical buying is up, central banks are piling in, and related stocks signal bullish trend. AU, RING, and GFI may be golden tickets for traders.
Recent attention has focused on basic material stocks, which can be attributed to President Trump's latest round of trade tariffs.
The gold stock has jumped over 35% this year so far. It could rally even higher.
The price of Gold surged to record highs on Friday, driven by a weak U.S. dollar, global economic uncertainties, and renewed tariff concerns.
Their foundational asset wasn't looking like such a precious metal on Monday.
Amid the election, and a Fed rate vote, earnings season roars ahead.