Why These Gold Stocks Skyrocketed Today, and Why You'd Want to Buy Some

Gold stocks were among the top gainers in the markets today, with shares of some gold miners even rallying by double-digit percentages throughout the day. Here are some top-performing gold stocks and their intraday highs as of 2 p.m. ET Wednesday.While these three stocks have a market capitalization under $20 billion each, shares of the second-largest gold company, Newmont Corporation (NYSE: NEM), traded on heavy volumes today and logged an intraday high of 8.8% as of this writing. With a market cap of $52.2 billion, Newmont Corporation is the world's second-largest gold company.Gold prices were up more than 3% this morning as anxious investors flocked to the yellow metal amid the tariff-induced stock market sell-off. If you're wondering why tariffs are sending gold prices and gold stocks higher, it all boils down to gold's appeal as a safe-haven asset during times of uncertainty.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool