Gold stock correction mode

Gold from Clogau St David’s mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.

A winter drilling program has begun on the Stars mine in British Columbia.

Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.

And 12.3m contained ounces of gold.

The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport’s future operations.

Why should we expect gold stocks to breakout this year? Jordan Roy Byrne from The Daily Gold provides five reasons.

Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing.

Even though the system has received criticisms, its 54 participants seem committed to making it work.

The rebound in purchases by India could support global prices, which are already near their highest levels in three months.