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US Stock Movers | Gold Stocks Rally Together AngloGold(AU.US)Surges Over 6%
Zhihui Finance APP has learned that on Monday, gold stocks collectively rebounded, with AngloGold (AU.US) and Alamos (AGI.US) rising over 6%, Pan American Silver (PAAS.US) up more than 5%, and Newmont Mining (NEM.US) up over 3%. In terms of news, spot gold rebounded and turned positive, rising 0.06% to $4,469.75, after previously falling more than 8%; spot silver rebounded more than 3%, at $70.23, after plunging over 10%. Federal Reserve Board member Mullan stated that if a second round of inflation effects and wage increases occur, rate hikes may be necessary, but currently he does not see the need to consider raising interest rates and still expects four rate cuts by 2026.