Gold stocks have shown a strong move to the upside over the course of the trading day on Thursday, moving higher along with the price of gold.
Reflecting the strength in the gold sector, the NYSE Arca Gold Bugs Index has risen by 2.3 percent and reached its highest intraday level in almost two months earlier in the session.
The strength among gold stocks comes amid a notable increase by the price of the precious metal, with gold for April delivery climbing $12.80 to $1,762.30 an ounce.
The price of gold reached a high of $1,763.80 an ounce in earlier trading, its highest intraday level in nearly two months.
Within the gold sector, New Gold (NGD) is turning in one of the best performances, advancing by 4 percent to a nearly three-month intraday high.
The gain by New Gold comes after the company reported record annual gold production of 387,155 ounces during 2011.
Iamgold (IAG) and Allied Nevada Gold (ANV) are also posting strong gains on the day, climbing by 4.1 percent and 3 percent, respectively.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.