Kinross Gold Corporation (KGC) saw its stock price surge 7.62% during the night session, as the precious metals sector experienced broad-based gains.
The rally in Kinross shares occurred alongside significant jumps in other precious metal stocks and exchange-traded funds (ETFs) in overnight trading, indicating a sector-wide bullish sentiment.
Market participants attributed the movement to increased investor interest in precious metals, with several mining companies and related financial instruments posting notable gains during the same trading period.
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