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 Market Analysts Forecast Gold to $2,600 READ MORE UAE Aims for Gold Standard in Online Trading Transparency READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE China’s 10-Year Yield Down to Lowest Since 2002 on Growth Worry READ MORE Yellen Cautions: Inflation’s Decline Might Not Be Smooth READ MORE Add a Comment Cancel replyYour email address will not be published.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