Spot gold rose more than 1.8% to surpass $2400 on the "US CPI release day", with gold and silver mining stocks generally rising, and Hercules Mining surged over 7%

Wallstreetcn
2024.07.11 21:10

Spot gold rose by 1.86% to $2415.48 per ounce, and surged by $20 at 20:30 Beijing time when the US CPI data was released, further rising. The overall intraday trading range was $2371.25-$2424.58, approaching the historical high of $2450.07 set on May 20th. Spot silver rose by 2.10% to $31.4640 per ounce, and spiked from $30.9330 to $31.7537 right after the release of the US CPI data. Among gold and silver mining stocks, Hekla Mining rose by over 7.4%, Pan American Silver by around 5.9%, Coeur Mining by around 5.8%, and Barrick Gold lagged behind with an increase of less than 2.0%. The gold mining stock ETF GDX rose by over 2.8%, while the silver ETF SLV rose by over 1.8%

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