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Gold Fields Limited reported a 3.0% increase in pre-market trading following the announcement of a higher full-year profit and the potential consideration of stock buybacks. In the commodities sector, gold prices have reached a fresh record high, contributing to a rally in gold mining stocks. Notable gains were observed among several gold stocks, with B2Gold Corp ($BTG) rising 7%, Agnico Eagle Mines Limited ($AGI) increasing 6%, Gold Fields ($GFI) up 4%, and Northern Dynasty Minerals Ltd. ($NGD) climbing 3.5%. Additionally, natural gas prices surged amid a cold snap in the U.S., further supporting the commodities market.
The largest move in the last 7 days was: Japan 10s30s. G10 bond yields that had 2 standard deviation moves during the period include: Japan 10s30s, Fra. 2s10s https://t.co/HyF7D6Tn2L
The largest move in the last 24 hours was: Fra. 10s30s. G10 bond yields that had 2 standard deviation moves during the period include: Fra. 10s30s https://t.co/6rAc8HUa5b
Gold is flat today, but most gold stocks that reported earnings today are recording solid gains: $BTG up 7%, $AGI up 6%, $GFI up 4%, and $NGD up 3.5%. I own all four. This may be a sign that the sellers on news have been washed out. If so, miners will make up lost ground quickly.