Why Gold Stocks Are Soaring as the Market Crashes Further
While the major stock indices are crashing hard on March 16, shares of gold and silver miners and streamers are surging. As 1:43 PM EDT, stocks in the following nine precious metals companies had surged more than 10% at one point during today's trading:
Data source: YCharts.
Today's market surge for gold stocks comes as stocks plummet on growing fears that coronavirus will cause much more substantial economic harm than expected.
Source Fool.com
