Gold Mining Stocks Were Among Top 10 Large-Cap Losers Last Week (May 12-May 16): Are These In Your Portfolio?
Lekha Gupta 1 year ago
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Gold and silver prices dropped as US and China reduced tariffs, leading to rotation out of safe-haven assets. Top gold mining stocks declined.
Last week, gold and silver prices dropped after the U.S. and China agreed to temporarily reduce most tariffs on each other’s goods. This could be driving a rotation out of safe-haven assets.
Most gold mining stocks were among the top ten large-cap worst performers in the last week. Are they in your portfolio?
- UnitedHealth Group Incorporated (NYSE:UNH) shares dipped 23.31% in reaction to a media report on a possible investigation for criminal Medicare fraud.
- Fiserv, Inc. (NYSE:FI) shares were down 9.46%.
- Alamos Gold Inc. (NYSE:AGI) shares declined 9.43%.
- Agnico Eagle Mines (NYSE:AEM) stock fell 9.27%.
- AngloGold Ashanti PLC (NYSE:AU) stock dived 9.06%.
- Kinross Gold Corporation (NYSE:KGC) stock fell 8.96%.
- Wheaton Precious Metals Corp (NYSE:WPM) shares decreased 8.48%
- Gold Fields Limited (NYSE:GFI) shares were down 8.47%.
- Barrick Mining Corporation (NYSE:B) stock decreased 8.38%.
- Royal Gold, Inc. (NASDAQ:RGLD) stock dived 7.20%.
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