Barrick Gold Shares Surge Amid Unprecedented Market Conditions

Shares of Barrick Gold Corporation have ascended to a fresh annual peak, propelled by a historic rally in the underlying commodity. The price of gold shattered records, surpassing $4,600 per ounce, as a unique political conflict in the United States triggered a flight from dollar-denominated assets. This surge in safe-haven demand is directly benefiting major producers like Barrick.

The primary catalyst for gold’s ascent is an institutional crisis unfolding in Washington D.C. The U.S. Department of Justice has issued a subpoena to Federal Reserve Chairman Jerome Powell concerning renovation expenses, an event perceived as an overt power struggle between the government and the central bank. This development has ignited Read more...