Movement Alert|Barrick Mining Rises 3.07% in Regular Trading, Cooling Inflation Data and Central Bank Gold Purchases Lift Gold Sector

Market Focus
07/21

On July 21, Barrick Mining rose 3.07% in regular trading, trading at $36.015/share, with turnover of $80.89 million. The gold sector saw broad-based strength driven by a confluence of macro tailwinds.

On the news front, U.S. June CPI and PPI data both came in below market expectations, significantly reducing bets on a Fed rate hike in July and supporting international gold prices at elevated levels. Additionally, the People's Bank of China increased gold reserves by approximately 15 tonnes in June, marking the 20th consecutive month of purchases and setting the longest continuous accumulation streak on record, providing long-term structural support for gold prices.

Meanwhile, the company announced it has agreed to subscribe for 15,470,934 units of Kingfisher Metals Corp., further expanding its exploration portfolio. Within the Gold sector, peers also gained broadly, with Coeur Mining up 5.26%, Pan American Silver up 4.2%, Wheaton Precious Metals up 3.92%, Newmont Mining up 2.99%, and Agnico Eagle Mines up 2.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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