US Stock Market Move | Gold stocks collectively rebound, AngloGold (AU.US) rises over 6%

On Monday, gold stocks collectively rebounded. AngloGold (AU.US) and Alamos (AGI.US) both rose by over 6%, while Pan American Silver Corp. (PAAS.US) rose by over 5% and Newmont Mining (NEM.US) rose by over 3%. On the news front, spot gold rebounded from the bottom and rose by 0.06% to $4469.75, after falling by more than 8% earlier. Spot silver rebounded by over 3% to $70.23, after a sharp drop of over 10% earlier. Federal Reserve Board member Milan stated that if there is a second round of (inflation) effects and wage increases, it may be necessary to raise interest rates, but currently there is no need to consider raising rates. It still expects four rate cuts by 2026.