GOLD Stock Recent News

Barrick Gold stock has fallen significantly since its record high in 2011, despite gold prices being near record highs. Gold itself outperformed broader stock markets this century, making it a great investment, which I expect will continue to be the case. The case for Barrick stock to reverse its more than decade-old trend of underperformance relative to gold hinges on being able to increase gold production while keeping production costs under control.

With geopolitical flashpoints poised to worsen, investors ought to target stocks to buy for global conflict. I don't look at this theme as advantaging tragedies.

Gold is on track for its worst one-day decline since Feb. 3, 2023.

In the most recent trading session, Barrick Gold (GOLD) closed at $16.98, indicating a +1.68% shift from the previous trading day.

The run-up in gold prices isn't over just yet. In fact, with Middle East tensions boiling over, and a pickup in safe-haven demand, the metal could test $2,700 this year, says Goldman Sachs.

Barrick's (GOLD) preliminary Q1 gold production is lower sequentially, primarily due to mine sequencing at many locations and planned maintenance at Nevada Gold Mines.

Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?

Initially, the March jobs report seemingly boded well for the economy, thus negating the urgency tied to recession-resistant stocks. However, the latest consumer price index ( CPI ) reading suggested that not all may be well, forcing a portfolio reassessment.

Barrick Gold (GOLD) reachead $18.04 at the closing of the latest trading day, reflecting a +0.78% change compared to its last close.

After testing investor patience for an extended period, gold has finally surged higher. Currently, the precious metal trades at all-time highs of $2,350 an ounce.