Gold Stocks Moving Higher Amid Higher Price Of Metal

San Francisco (Apr 15)  While many of the major sectors have moved to the downside during trading on Friday, significant strength remains visible among gold stocks.

The NYSE Arca Gold Bugs Index has surged up by 1.9 percent after closing lower in each of the two previous sessions.

The rebound by gold stocks comes amid an increase by the price of the precious metal, with gold for June delivery climbing $8.70 to $1,235.20 an ounce.

Source: RTTnews