Gold, silver are going gangbusters. Investor could try this to catch up.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
0mins
Should l Buy ?
Source: MarketWatch
- Metals Mining Shares Index Climbs: An index tracking metals mining shares has reached its highest point in nearly two years.
- Gold Miners Index Performance: The NYSE Arca Gold Miners Index XX:GDM, which monitors gold-mining companies, has seen a 17.2% increase this year, with a significant portion of the gain occurring in May.
- Precious Metals Prices: Companies mining precious metals are benefiting from the surge in gold prices to record highs and silver prices reaching 11-year highs.
- Positive Outlook: There is potential for further growth in the metals mining sector as companies catch up with the rising prices of gold and silver.
- Market Data Insights: Data from Dow Jones Market Data indicates the notable performance of metals mining shares and the impact of precious metals' price movements on the industry.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
