WASHINGTON (dpa-AFX) - While most of the major sectors are showing only modest moves, gold stocks are seeing significant strength in afternoon trading on Tuesday.
The NYSE Arca Gold Bugs Index is up by 2.7 percent, rebounding after ending last Friday's trading at its lowest closing level in over a month.
The strength among gold stocks comes amid a modest increase by the price of the precious metal, with gold for August delivery rising $1.30 to $1,218 an ounce.
Copyright RTT News/dpa-AFX