Why Gold Stocks Plummeted Today
AngloGold Ashanti plc(AU) The Motley Fool·2024-11-12 06:01
Their foundational asset wasn't looking like such a precious metal on Monday.Since mankind discovered gold, it has been irresistibly drawn to the lure of the pretty material. Yet that sure wasn't much in evidence on Monday, as the price of the precious metal swooned, followed by those of gold stocks. A great many titles in the sector posted uncomfortable price declines across the day's trading session. When the market closed, Gold Fields (GFI -8.42%) and Iamgold (IAG -8.26%) had both fallen by more than 8%. ...