Gold Stocks Rise On Trump's Stunning Win, But ...

Gold stocks initially jumped Wednesday morning in the wake of Donald Trump's stunning presidential victory. But with broader markets erasing losses and Fed rate hikes shoring up, much of those gains have faded.

SPDR Gold Trust (GLD), an ETF which tracks the price of gold bullion, rose 0.8% to 122.63 in the stock market today, off intraday highs for 124.35.

Gold miner Barrick Gold (ABX) climbed 3.4% after surging 8% or more in premarket trading. But Barrick has retaken its 50-day and...

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