07.04.2016 19:52:56
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Gold Stocks Bucking Downtrend Amid Increase In Metal Price
(RTTNews) - While most of the major sectors have moved to the downside during trading on Thursday, gold stocks have moved sharply higher.
The NYSE Arca Gold Bugs Index has surged up by 3.2 percent and is on pace to end the session at its best closing level in over a year.
The rally by gold stocks comes amid an increase by the price of the precious metal, with gold for June delivery climbing $14.20 to $1,238 an ounce.

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