Barrick, Newmont Could Get Lift From Sharply Higher Gold Prices
The gold price is now more than $300 above the fourth-quarter average, while the mining stocks—notably industry leaders Barrick Gold and Newmont —generally have performed poorly this year given the move in the metal. Gold is up 14% so far this year including a gain of 5% so far this month. The has gained 9% this year—unimpressive considering mining stocks historically have rallied more than the metal in a bull market.