Shares of gold stocks are trading higher amid strength in safe-haven assets due to the Israel-Hamas conflict.
Portfolio Pulse from Benzinga Newsdesk
Gold stocks are trading higher due to the Israel-Hamas conflict, which has increased the demand for safe-haven assets. Stocks of companies like GFI and HMY are directly affected.
October 10, 2023 | 7:41 pm
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GFI's stock is trading higher due to the increased demand for safe-haven assets amid the Israel-Hamas conflict.
The ongoing conflict between Israel and Hamas has led to an increase in demand for safe-haven assets like gold. As a result, gold stocks like GFI are experiencing a surge in their stock prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HMY's stock is trading higher due to the increased demand for safe-haven assets amid the Israel-Hamas conflict.
The ongoing conflict between Israel and Hamas has led to an increase in demand for safe-haven assets like gold. As a result, gold stocks like HMY are experiencing a surge in their stock prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100