US stocks on Wednesday. Driven by gold prices reaching another record high, gold concept stocks in the US stock market generally strengthened. Hilway Metal Mining closed up 11.72%, and the stock price broke through 3 US dollars.
The Zhitong Finance App learned that on Wednesday, gold concept stocks in the US stock market were generally strengthened, with gold concept stocks generally strengthened. Hilway Metal Mining (SVM.US) and New Pacific Metals (NEWP.US) closed up 11.72% and 13.55% respectively, driven by gold prices reaching new record highs.
Earlier, the Federal Reserve announced its March interest rate decision, keeping the policy interest rate unchanged at 5.25% to 5.5% as scheduled. Meanwhile, the Fed's bitmap shows that it will cut interest rates three times in 2024. Boosted by this, spot gold continued to rise, once rising to 2222.65 US dollars/ounce, reaching another record high. Looking ahead to future trends, Natasha Kaneva, head of global commodity research at J.P. Morgan Chase, predicts that the price of gold is expected to rise to 2,500 US dollars this year.
Boosted by higher gold prices, Hilway's stock price closed above $3 for the first time in nearly six months. Public information is displayed. Hilway mainly acquires, explores, develops and produces non-ferrous metals and precious metal mines such as silver, gold, lead and zinc, etc., and has become one of the leading producers of silver, lead and zinc in China.
New Pacific Metals also surged on Wednesday, the biggest increase in three months. According to data, the mining layout of New Pacific Metals in Bolivia includes the Carangas (Carangas) silver and gold mine, the flagship Silver Sand (Silver Sand) silver mine, and the Silverstrike (Silverstrike) silver and gold mine.