Shares of gold miners are surging in premarket trade Wednesday, in the aftermath of Donald Trump being elected president, as the flock to safe-haven assets boosted the price of gold. The VanEck Vectors Gold Miners ETF shot up 6.2%, with all of its U.S.-listed components gaining ground. Barrick Gold Corp.'s stock surged 6%, and was the most active ahead of the open with 1.4 million shares traded. Among the other more-active components, shares of Yamana Gold Inc. shot up 7.7%, Gold Fields Ltd. soared 11% and Harmony Gold Mining Co. Ltd. ran up 9.9%. Elsewhere, Newmong Mining Corp.'s stock climbed 5% and Goldcorp Inc. shares rallied 6.4%. Meanwhile, the SPDR Gold Trust rose 2.2%. The GDX has already rocketed 75% year to date through Tuesday, while the GLD has surged 20% and the S&P 500 has gained 4.7%.
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