Why Vicor Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket
Vicor shares surged 12% after raising Q3 growth guidance above 30%; Roze AI led gainers, while Corteva plunged 57% premarket.
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Goldgroup Mining Completes Strategic Investment in Luca Mining
Goldgroup Mining Inc. has finalized its previously announced strategic investment in Luca Mining, valued at $146 million.
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Why Goldgroup Mining Tumbled Today
Goldgroup Mining fell nearly 4% on Friday as precious metals declined amid growing speculation of a U.S. Federal Reserve interest rate hike. Fed Chair Kevin Warsh's Jackson Hole speech suggested the central bank may need to do more work to combat inflation, signaling potential rate increases. Higher interest rates make yield-bearing assets like bonds more attractive compared to non-yielding precious metals, pressuring gold and silver mining stocks.
Shares of precious metal-related companies are trading higher amid rising gold prices after July's payroll data, which signaled economic cooling, weighed on yields and dollar strength. A UBS note suggested that gold prices will climb to $5,000 per ounce in H1 2027.