24H｜Gold Stocks Jump, Gold Resources up 5%, Harmony Gold and Kinross up 3%; Novo-Nordisk down 3% and Eli Lilly down 4%

Tiger Newspress

10/17

Gold stocks jumped in overnight trading.

Gold Resources up 5%; Harmony Gold, Kinross, Coeur Mining up 3%; Gold Fields up 1%.

Gold and silver soared again to new all-time highs Thursday, sparked by concerns about credit quality in the economy, in addition to U.S.-China trade frictions and growing expectations for further interest rate cuts by the Federal Reserve. Spot gold was up to $4,357 per ounce as of 8:31 p.m. ET.

Novo-Nordisk A/S fell 3% and Eli Lilly fell 4% in overnight trading on Thursday.

U.S. President Donald Trump said on Thursday that the price of Novo Nordisk's best-selling weight-loss drug would be lowered and that negotiations over price changes would be swift.

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