US Stocks Movement: Gold Stocks Rise in Pre-market Trading as Gold Price Surpasses $4,140
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```htmlGolden Ten Data, July 22|Gold prices have risen back above the $4,140 mark, pushing US gold stocks higher in pre-market trading. Newmont Mining, Harmony Gold, and Agnico Eagle Mines all jumped over 2% in pre-market trading, while Kinross Gold, Pan American Silver, and Gold Fields rose more than 1%. According to reports, Wells Fargo believes the downside risk for gold is limited, and there is considerable room for long-term growth. The bank's strategist stated that most rate hike expectations have already been reflected in gold prices, and in the short term, gold could fall to $3,500. However, the bank forecasts that by the end of 2026 and 2027, gold prices will rise to $5,300-$5,500 and $5,800-$6,000 per ounce, respectively.```
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