Bill Gross said via X: “Regional bank “cockroaches” may continue to affect stocks AND bonds. 10 year Treasury has no business below 4% though 4.5% more like it – too much supply/deficits despite slowing, soon-to-be 1% growth economy. Gold has become a momentum/meme asset. If you want to own it, wait awhile.” Stocks in the gold space include Gold Fields (GFI), Harmony Gold (HMY), SSR Mining (SSRM), DRDGold (DRD) (DRD, AngloGold Ashanti (AU) and Kinross Gold (KGC).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFI:
- Gold Fields downgraded to Hold from Buy at Canaccord
- Gold Fields downgraded to Hold from Buy at Investec
- Gold Fields price target raised to ZAR 730 from ZAR 435 at HSBC
- Gold Fields Completes Acquisition of Gold Road Resources
- Gold Fields agrees to sell stake in Northern Star for A$1.1B, Bloomberg says