Shares of precious metals stocks are trading higher amid strength in silver and gold as the Israel-Hamas conflict drives demand for safe-haven assets.
Portfolio Pulse from Benzinga Newsdesk
Precious metals stocks are trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict. This includes stocks such as AEM, AG, AGI, CDE, DRD, EXK, GFI, GOLD, HMY, MUX, PAAS, SBSW, WPM.
October 13, 2023 | 2:49 pm
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AEM's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of AEM.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AG's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of AG.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AGI's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of AGI.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CDE's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of CDE.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DRD's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of DRD.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
EXK's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of EXK.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GFI's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of GFI.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GOLD's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of GOLD.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HMY's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of HMY.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
MUX's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of MUX.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PAAS's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of PAAS.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SBSW's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of SBSW.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
WPM's stock is trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict.
The conflict between Israel and Hamas is driving investors towards safe-haven assets, which includes precious metals. This increased demand is causing a rise in the stock price of WPM.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100