Gold, silver are going gangbusters. Investor could try this to catch up.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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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.
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.
