When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
YTD, the S&P 500 Index (SPX) has fallen 5.5% as of April 8, 2022, while gold prices have risen 6.5%. Gold mining equities - as measured by the S-Network MicroSectors Gold Miners Index (MINERS) - rose an even higher 21.7% YTD.
The gold mining industry is leveraged to gold prices, so gold mining companies often outperform gold when gold prices rise and underperform when gold prices fall.
With less debt and more cash, gold mining companies are focusing on returning value to shareholders through higher dividends and share repurchases.