Changes in US stocks | The price of gold surged 4% in a single day to reach the 4,500 mark, and the stock price of SVM.US (SVM.US) closed up more than 9%

The Zhitong Finance App learned that US stocks closed overnight, and constituent stocks in the precious metals sector rose sharply. Silverway Metal Mining (SVM.US) closed up 9.27% to $12.610 on Wednesday. The stock has accumulated a sharp rise of more than 50% since this year.

According to the news, gold prices rose on Monday to break through 4,500 US dollars/ounce and hit a new high of nearly three months as the US Treasury Department expanded treasury bond repurchases to boost the bond market. The news of doubling debt purchases led to a decline in both US bond yields and the US dollar, reducing the cost of gold holding and increasing its attractiveness, and directly catalyzing the rise in gold prices. Furthermore, the total debt of the US federal government has exceeded 40 trillion US dollars. The sharp rise in US debt has begun to cause central banks around the world to diversify their reserve assets and gradually become important buyers in the gold market.

According to reports, the Canadian mining company Sylvie Metal Mining Co., Ltd. (SVM.US) recently announced the test results for the first batch of 29 holes in its Kyrgyz Chaarat Kyzyltash gold mine. The overall batch drilling data is impressive, and the core indicators are outstanding. In addition, Sylvie simultaneously holds high-quality reserve assets such as the Condor gold mine and El Domo copper and gold mine in Ecuador. In the long run, the company will completely complete the high-quality transformation from traditional cycle banking enterprises to the main business of gold and silver, and fully open up the long-term growth ceiling.