24H | Gold Stocks Rebound With Harmony Gold up 5.4%, Newmont Mining up 3%; XPeng Jumps Another 1.7%

Tiger Newspress
24 Apr

Gold stocks rebounded in overnight trading with Harmony Gold up 5.4%; Newmont Mining up 3%; Barrick Gold up over 2%.

COMEX gold futures rose 2.4% to $3379.2 after its steepest decline in five months that was driven by President Donald Trump’s more conciliatory comments on the trade war and the Federal Reserve.

Trump has indicated he’s prepared to significantly reduce the sweeping tariffs he’s imposed on Chinese goods. The US president also said he has no intention of firing Fed Chair Jerome Powell, after his demand that the central bank chief immediately cut interest rates spooked markets and prompted warnings from business leaders.

XPeng $(XPEV)$ jumped another 1.7% in overnight trading after jumping over 7% in regular session. XPeng said Wednesday that it showcased its latest smart electric vehicles and artificial intelligence products at the Auto Shanghai 2025 exhibition.

The company said it introduced a long-range flagship version of its XPENG P7+ vehicle, which uses its 5C supercharging AI battery technology. It also said it has begun deliveries of its 2025 X9 MPV electric van.

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