Gold Stocks Soared Today as Investors Digested Sour Economic Data
Almost 10 million Americans have filed for unemployment in the last two weeks as a consequence of the 2020 coronavirus pandemic. The United States has never lost more than 1.4 million jobs in any other two-week stretch in modern history.
As investors come to grips with the sobering economic reality of the pandemic and efforts to slow its spread, they're giving gold and silver stocks a closer look. Shares of Coeur Mining (NYSE: CDE) rose as much as 24.6% today, while shares of New Gold (NYSEMKT: NGD) and B2Gold (NYSEMKT: BTG) rose over 18.5% and nearly 11%, respectively.
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Source Fool.com