Gold Miners Await Windfall from Record-Hitting Rally
Global gold prices surged 61% to $4,251.45 per troy ounce, triggering big gains for gold miners' stocks.
(Bisnis.Com) 01/01/70 07:00 10306
Bisnis.com, JAKARTA- Gold stocks are seeing windfall from the precious metal’s rally as global gold prices surged 61.03% last Friday (17/10) to $4,251.45 per troy ounce. During the week, gold had also touched a new record high of $4,392.
According to a Stockbit Sekuritas report released on October 15, gold stocks will likely see a boon from the rally. The report, which mapped out 12 gold stocks with two different business models, noted that the 61% year-to-date (YtD) jump in gold price is poised to fuel investor appetite.
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