Shares of gold companies are trading higher as gold rises amid a flight to safe-haven assets due to conflict in the Middle East.
Portfolio Pulse from Benzinga Newsdesk
Shares of gold companies are trading higher as gold prices rise due to conflict in the Middle East, which is causing a flight to safe-haven assets.
October 11, 2023 | 6:47 pm
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POSITIVE IMPACT
Shares of AU are trading higher due to rising gold prices amid Middle East conflict.
As a gold company, AU's share price is directly influenced by the price of gold. The ongoing conflict in the Middle East is causing a flight to safe-haven assets like gold, driving up its price and consequently AU's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of GFI are trading higher due to rising gold prices amid Middle East conflict.
As a gold company, GFI's share price is directly influenced by the price of gold. The ongoing conflict in the Middle East is causing a flight to safe-haven assets like gold, driving up its price and consequently GFI's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of HMY are trading higher due to rising gold prices amid Middle East conflict.
As a gold company, HMY's share price is directly influenced by the price of gold. The ongoing conflict in the Middle East is causing a flight to safe-haven assets like gold, driving up its price and consequently HMY's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of MUX are trading higher due to rising gold prices amid Middle East conflict.
As a gold company, MUX's share price is directly influenced by the price of gold. The ongoing conflict in the Middle East is causing a flight to safe-haven assets like gold, driving up its price and consequently MUX's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100