On Thursday, shares of companies in the gold, silver, and non-ferrous metals sectors experienced widespread gains during US trading hours.
First Majestic Silver Corp (NYSE: AG) posted a strong increase of more than 5%, leading the charge among precious metals miners. Meanwhile, Pan American Silver Corp (NYSE: PAAS) advanced by over 4%, reflecting robust investor optimism in the silver market.
Harmony Gold Mining Co Ltd (NYSE: HMY), Gold Fields Ltd (NYSE: GFI), and Southern Copper Corp (NYSE: SCCO) each climbed more than 3% during the session. Adding to the positive momentum, BHP Group Ltd (NYSE: BHP) saw its shares rise by nearly 3%, while Kinross Gold Corp (NYSE: KGC), AngloGold Ashanti Ltd (NYSE: AU), Newmont Corp (NYSE: NEM), and Freeport-McMoRan Inc (NYSE: FCX) all gained over 2% on the day.
The across-the-board uptick underscores renewed buying interest in both bullion and industrial metals, as market participants weigh shifting macroeconomic conditions and supply dynamics in the commodities complex.
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