Shares of precious metals companies are trading lower amid a drop in gold and silver following US economic data.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals companies are trading lower amid a drop in gold and silver following US economic data.
June 07, 2024 | 1:20 pm
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NEGATIVE IMPACT
Gold Fields Ltd (GFI) shares are trading lower due to a drop in gold prices following US economic data.
Gold Fields Ltd (GFI) is directly impacted by the drop in gold prices, which is a result of the latest US economic data. This is likely to negatively affect their revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Harmony Gold Mining Co. (HMY) shares are trading lower due to a drop in gold prices following US economic data.
Harmony Gold Mining Co. (HMY) is directly impacted by the drop in gold prices, which is a result of the latest US economic data. This is likely to negatively affect their revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Newmont Corporation (NEM) shares are trading lower due to a drop in gold prices following US economic data.
Newmont Corporation (NEM) is directly impacted by the drop in gold prices, which is a result of the latest US economic data. This is likely to negatively affect their revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80