Shares of gold miners were broadly higher Monday, boosted by the continued run up in gold prices to record highs (VanEck Vectors Gold Miners ETF (GDX) jumped 4.5% in midday trading, putting it on track for the highest close since January 2013, as all 55 components gained ground. Among the more-active U.S.-listed components, shares of Harmony Gold Mining Co. (HAR.JO) rose 1.7%, Hecla Mining Co. (HL) climbed 4.4%, Gold Fields Ltd. (GFI.JO) hiked up 8.2%, Coeur Mining Inc. (CDE) ran up 8.1% and Newmont Corp. (NEM) rallied 3.0%. Gold futures rose 1.9% to $1,934.10 an ounce, as investors flocked to the save-haven metal amid fears over how the COVID-19 pandemic will hurt the global economy and a weak U.S. dollar ( ). Meanwhile, the S&P 500 gained 0.5%.). The
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 27, 2020 12:41 ET (16:41 GMT)
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