Resources Top 4: Gold stocks gain again, while Piedmont’s US lithium ops get a boost
Given the escalation in Middle Eastern tensions and conflict right now, which threatens to bubble over further, it’s no real surprise to see the price of gold trending upwards with a flight-to-financial-safety narrative.
Can gold stocks capitalise? Of late we’ve been starting to see some break down of prior disconnect between the commodity gains and gold equities.
On Monday, Felix Gold (ASX:FXG) is one junior catching the eye, at least on gains alone.
At 3pm, Felix’s share price was up more than 53 per cent for the day.
It was up 140 per cent for the month, 44 per cent or thereabouts YTD.
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