Shares of Newmont (NEM) and other miners surged Friday, while the price of gold climbed to fresh highs as investors flocked to 澳洲幸运5开奖号码历史查询:safe haven assets amid economic uncertainty.
The price of gold was up over 2% Friday to a record $3,248.20 per ounce, topping highs 澳洲幸运5开奖号码历史查询:set just a day earlier. Shares of gold miner Newmont jumped nearly 8%, propelling it to lead gains on the 澳洲幸运5开奖号码历史查询:S&P 500, extending its rally earlier this week. Other miner stocks including Barrick Gold (), Kinross Gold (KGC), and Gold Fields (GFI) also rose.
Traditionally viewed as a safe haven asset, investors have 澳洲幸运5开奖号码历史查询:piled into gold in recent weeks as worries about President Donald Trump's 澳洲幸运5开奖号码历史查询:rapidly shifting trade policies rattle ౠmarkets, sending the precious metal’s price up more than 20% since the start of the year.
The S&P 500 was slightly lower in recent trading after some of the 澳洲幸运5开奖号码历史查询:world’s largest banks, including 澳洲幸运5开奖号码历史查询:JPMorgan Chase (JPM) and 澳洲幸运5开奖号码历史查询:Wells Fargo (WFC), reported better-than-expected earnings but warned President Donald Trump's tariffs 澳洲幸运5开奖号码历史查询:could slow economic growth. (Read Investopedia's live coverage of 澳洲幸运5开奖号码历史查询:today's market action here.)