Shares of precious metals stocks are trading higher as gold rises amid strength in safe-haven assets due to the Israel-Hamas conflict.
Portfolio Pulse from Benzinga Newsdesk
Precious metals stocks are trading higher as gold prices rise due to the Israel-Hamas conflict, which has increased the demand for safe-haven assets. Stocks mentioned include AU, GFI, and SBSW.
October 09, 2023 | 3:55 pm
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POSITIVE IMPACT
AngloGold Ashanti's stock (AU) is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict has led to increased market volatility, causing investors to seek safe-haven assets like gold. This has positively impacted the stock price of gold companies like AU.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Gold Fields' stock (GFI) is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict has led to increased market volatility, causing investors to seek safe-haven assets like gold. This has positively impacted the stock price of gold companies like GFI.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sibanye Stillwater's stock (SBSW) is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict has led to increased market volatility, causing investors to seek safe-haven assets like gold. This has positively impacted the stock price of gold companies like SBSW.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100