Gold Fields: Shares Surge Amid Record-High Gold Prices, Still A Value
Gold Fields (GFI) Seeking Alpha·2024-04-09 02:01
Anthony Bradshaw In a stunning rally, both gold and gold mining companies have surged since late February. Major buying of the precious metal by central banks around the world and concerns over the growing global debt burden have drawn investors into this often risk-off commodity. Hopes for a Fed rate cut is another macro tailwind. Gold has indeed broken out technically to new all-time highs, printing north of $2300 per ounce as of early April. But this move is a bit different in that gold mining compa ...