Moderna Doubles, Gold Rallies To $4,500 As Dollar Sinks: Stock Market Today
Treasury's expanded long-bond buybacks knocked yields off 20-month highs and sank the dollar, as gold soars.
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Jefferies Initiates Coverage On Hecla Mining with Hold Rating, Announces Price Target of $22
Jefferies analyst Fahad Tariq initiates coverage on Hecla Mining (NYSE:HL) with a Hold rating and announces Price Target of $22.
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Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.
Read original at benzingaGold Miners Eye Best Month Since April 2020: 5 Stocks Are Already Up 30% In August
Gold miners are surging as gold approaches $4,400. Five stocks are already up more than 30% in August as margins remain strong.
Read original at benzinga