Gold stocks have shown a substantial move to the upside during trading on Wednesday, driving the NYSE Arca Gold Bugs Index up by 5.2 percent. The index continues to regain ground after ending last Friday's trading at its lowest closing level in over a year.
The rally by gold stocks comes amid a sharp increase by the price of the precious metal, with gold for April delivery spiking $27.60 to $1,358 an ounce.
by RTT Staff Writer
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