Shares of gold companies are trading lower amid a pullback following recent strength as Treasury yields rise.
Portfolio Pulse from Benzinga Newsdesk
Shares of gold companies are trading lower due to a pullback following recent strength as Treasury yields rise.
July 19, 2024 | 1:23 pm
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NEGATIVE IMPACT
DRDGold Limited shares are trading lower due to a pullback in gold stocks as Treasury yields rise.
Rising Treasury yields typically make non-yielding assets like gold less attractive, leading to a decline in gold stock prices, including DRDGold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gold Fields Limited shares are trading lower due to a pullback in gold stocks as Treasury yields rise.
Rising Treasury yields typically make non-yielding assets like gold less attractive, leading to a decline in gold stock prices, including Gold Fields.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Barrick Gold Corporation shares are trading lower due to a pullback in gold stocks as Treasury yields rise.
Rising Treasury yields typically make non-yielding assets like gold less attractive, leading to a decline in gold stock prices, including Barrick Gold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Harmony Gold Mining Co. shares are trading lower due to a pullback in gold stocks as Treasury yields rise.
Rising Treasury yields typically make non-yielding assets like gold less attractive, leading to a decline in gold stock prices, including Harmony Gold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100