Gold Prices Increase 13.5% YTD: 4 Market Outperformers

The prospects for the Zacks Mining - Gold industry look optimistic, supported by the momentum in gold prices. We suggest keeping a tab on companies like Harmony Gold (HMY) , Eldorado Gold (EGO) , New Gold Inc. (NGD) and Galiano Gold (GAU) , as these are well-poised for improvement, backed by their strong balance sheets, efforts to lower costs and growth initiatives. Per the U.S. Census Bureau's latest report, retail and foodservices sales in the United States inched up 0.1% in May 2024 from April 2024. On a ...