CUR - Gold stocks on the move as investors seek safe haven

Gold miners are surging in Thursday's trading, with the yellow metal resuming its role as a safe-haven asset as recession fears rise and central banks tighten, triggering an exodus from equities. Front-month Comex gold (XAUUSD:CUR) for June delivery jumped $30.40/oz, +1.7%, to $1,849.90/oz, its largest one-day dollar and percentage gain since March 17, while silver (XAGUSD:CUR) settled +2.1% to $21.867/oz. The dollar fell 1.6% after recently reaching two-decade highs, boosting gold's appeal to overseas buyers. The VanEck Gold Miners ETF (NYSEARCA:GDX) +1.9% after rising nearly as much on Wednesday; Newmont (NYSE:NEM) easily ranks at the day's best gainer on the S&P 500, +3.3%. Other notable gainers among precious metals stocks include (GOLD) +2.3%, (AEM) +4.1%, (GFI) +3.7%, (HMY) +3.1%, (IAG) +2.2%. ETFs: (NYSEARCA:GLD), (IAU), (NUGT), (PHYS), (SIL), (SLV), (SIVR) "As the dollar rally has hit a peak and investors are right now looking for safe havens, the gold trade looks

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Gold stocks on the move as investors seek safe haven