Mining Stocks Lag Behind as Gold Prices Shine: A Rally on the Horizon? As gold prices ascend, nearing record highs with a more than 20% increase since last October, gold mining stocks remain unexpectedly stagnant. This discrepancy puzzles many, suggesting that either mining stocks must rise to match gold’s momentum or gold prices must adjust downward. Leading the optimistic perspective, Christopher Mancini of the Gabelli Gold Fund, emphasizes that gold stocks are bound for an uptick, given they haven’t yet reflected the rising gold prices. Despite production costs for mining companies surging by 35% since early 2020, mainly from increased labor expenses, there’s a strong belief in the sector’s potential for growth if gold continues its upward trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts READ MORE Greenspan Warns of Double-Dip Recession if Home Prices Fall Further READ MORE U.S. Dollar Stabilizes After Better-Than-Expected GDP Report READ MORE The Silver Institute: Demand Soars to Near-Record Highs in 2024 READ MORE 2024 Profit Forecasts Lowered, Dampening Investor Expectations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment