New Gold (NGD) Touches 13-Year High on Gold’s Jump

Group 1 - New Gold Inc. (NYSEAMERICAN:NGD) reached a new 13-year high, driven by a surge in gold prices amid geopolitical tensions [1][4] - The stock increased by 7.9% during intra-day trading, peaking at $10.79, before closing up 5.40% at $10.54 [2] - Spot gold prices soared to an all-time high of $4,600 following concerns over the Federal Reserve's independence due to political pressures [2][3] Group 2 - The rally in gold prices is expected to enhance profit margins for mining companies like New Gold Inc. [4] - Investors are increasingly seeking safety in gold due to ongoing geopolitical issues, particularly in Iran [3]