Gold Miner Stocks Soar In Wake Of Trump Victory

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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