Gold miners remain exceptionally weak even as stocks rise
Miners are weak before the trend changes, but right before that happens their volatility increases once again.
Gold Fields (GFIJ.J), the world’s fourth-largest listed gold miner, said on Tuesday rising commodity prices were putting cost pressures on gold miners even as the price of the precious metal itself climbed.
“We are concerned about what we’ve seen on the commodities front,” Chief Executive Nick Holland told the Reuters mining summit, citing oil’s recent rally but also other rising costs for key things such as timber and steel.
