This post was originally published on this site. Value of top 50 mining companies surge by $357 billion after monster August rally The gain took the ranking back above $2.5 trillion for the first time since February when gold stocks were shining brightest thanks to bullion trading close to $1,000 per ounce above today’s levels.   Gold started the month at $4,043 an ounce and climbed to almost $4,660 by 25 August, its highest since mid-May, before a hawkish Jackson Hole speech from Federal Reserve chair Kevin Warsh and fresh US strikes on Iran knocked it back. Even after that retreat...

This post was originally published on this site. The gain took the ranking back above $2.5 trillion for the first time since February when gold stocks were shining brightest thanks to bullion trading close to $1,000 per ounce above today’s levels.   Gold started the month at $4,043 an ounce and climbed to almost $4,660 by 25 August, its highest since mid-May, before a hawkish Jackson Hole speech from Federal Reserve chair Kevin Warsh and fresh US strikes on Iran knocked it back. Even after that retreat bullion finished almost 10% higher, its best month since January, and silver did better...