Bill Gross said via X: “Regional bank “cockroaches” may continue to affect stocks AND bonds. 10 year Treasury has no business below 4% though 4.5% more like it – too much supply/deficits despite slowing, soon-to-be 1% growth economy. Gold has become a momentum/meme asset. If you want to own it, wait awhile.” Stocks in the gold space include Gold Fields (GFI), Harmony Gold (HMY), SSR Mining (SSRM), DRDGold (DRD) (DRD, AngloGold Ashanti (AU) and Kinross Gold (KGC).
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFI:
- Gold Fields downgraded to Hold from Buy at Canaccord
- Gold Fields downgraded to Hold from Buy at Investec
- Gold Fields price target raised to ZAR 730 from ZAR 435 at HSBC
- Gold Fields Completes Acquisition of Gold Road Resources
- Gold Fields agrees to sell stake in Northern Star for A$1.1B, Bloomberg says