Changes in US stocks | Gold and silver stocks generally rose before the market, and the price of gold and silver reached a record high

The Zhitong Finance App learned that on Monday, gold stocks generally rose before the market. Hycroft Mining (HYMC.US) rose more than 21%, Coldaren Mining (CDE.US) rose more than 5%, AngloGold Ashanti (AU.US) rose more than 4%, and Newman Mining (NEM.US) rose more than 3%. Furthermore, bank concept stocks rallied collectively before the market, with First Majestic Silver (AG.US) rising nearly 4%, and Endeavour Silver (EXK.US) and Dolly Varden Silver (DVS.US) rising more than 4%.

According to the news, due to market expectations for further interest rate cuts by the Federal Reserve, continued safe-haven demand, and the weakening dollar, spot gold broke through 4,420 US dollars/ounce by nearly 2% during the day, repeatedly reaching new highs, with a cumulative increase of more than 68% during the year. The price of spot silver rose 2.6% to break through 69 US dollars/ounce, and also reached a record high. The cumulative increase during the year was over 140%.