Gold stock news

Here are some recent news articles and updates related to gold stocks:

Gold Stocks Rise as Investors Seek Safe-Haven Assets

• Gold stocks rose on Monday as investors sought safe-haven assets amid concerns over the spread of the coronavirus and its impact on the global economy. The VanEck Gold Miners ETF (GDX) gained 2.4% to $34.45. (Source: Bloomberg)

Newmont Goldcorp Reports Strong Q4 Earnings

• Newmont Goldcorp (NEM) reported strong fourth-quarter earnings, with adjusted earnings per share of $0.44, beating analyst estimates. The company also announced a 10% increase in its quarterly dividend. (Source: MarketWatch)

Barrick Gold Reports Higher Q4 Earnings

• Barrick Gold (GOLD) reported higher fourth-quarter earnings, with adjusted earnings per share of $0.23, beating analyst estimates. The company also announced a 10% increase in its quarterly dividend. (Source: MarketWatch)

Gold Stocks Outperform Broader Market

• Gold stocks have outperformed the broader market in recent weeks, with the VanEck Gold Miners ETF (GDX) gaining 10.4% over the past month. The ETF has also outperformed the S&P 500 Index, which has gained 2.4% over the same period. (Source: CNBC)

Gold Stocks May Benefit from Central Bank Buying

• Central banks have been increasing their gold reserves in recent years, which could benefit gold stocks. The World Gold Council reported that central banks added 651.5 tonnes of gold to their reserves in 2020, the largest annual increase since 1966. (Source: Kitco)

Gold Stocks Face Headwinds from Higher Interest Rates

• Gold stocks may face headwinds from higher interest rates, which can increase the cost of borrowing and reduce the appeal of gold as a safe-haven asset. The Federal Reserve has raised interest rates three times in the past year, and some analysts expect further rate hikes in 2023. (Source: The Motley Fool)

Gold Stocks May Benefit from Inflation Fears

• Gold stocks may benefit from inflation fears, as gold is often seen as a hedge against inflation. The Consumer Price Index (CPI) rose 2.5% in January, the largest increase in 12 months. (Source: MarketWatch)

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