Barrick Gold GOLD, DRDGOLD Ltd DRD, Harmony Gold Mining Co. HMY And Kinross Gold Corporation KGC Stocks are all trading higher on Friday afternoon. Gold company stocks are trading higher amid rotation into safe-haven assets and a fall in the US Dollar Index.
Shares in the broader financials sector are trading lower on Friday on continued downward momentum in the sector amid volatility and stability concerns after several bank failures
What’s new about bank stocks?
SVB Finance Group has submitted a voluntary application for a Chapter 11 court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York for preservation of value.
SVB Securities, the funds of SVB Capital and general partners are not included in the Chapter 11 filing. These deals are continuing as normal as SVB Financial Group continues its previously announced investigation into strategic alternatives, which were announced but not disclosed on Monday Bankruptcy as one of the possible options…Continue reading
According to data from Gasoline Pro:
- GOLD is trading 3.71 higher to $18.05
- DRD is up 7.69% at $7.98
- HMY is up 5.60% to $3.68
- KGC is up 4.70% to $4.01
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