Stocks ended lower Friday as investors retreated from risk markets amid escalating political tension between Washington and Beijing.
U.S. Secretary of State Mike Pompeo, in a speech late Thursday, called China's Communist Party a "Frankenstein" created by the detente policies of former President Richard Nixon.
Mining companies are among some of the big movers on the stock market.
Gold prices reached a record for the first time since 2011, prompted by an economic outlook clouded by the coronavirus pandemic, The Wall Street Journal reported.
The most actively traded gold futures, for delivery in August, rose 0.4% to $1,897.50 a troy ounce, climbing for the sixth consecutive session. The figure eclipsed their August 2011 peak of $1,891.90.
1. DRDGold | Percentage Increase Over 8%
2. Gold Fields | Percentage Increase Over 5%
3. Futu Holdings | Percentage Increase Over 5%
4. Yamana Gold | Percentage Increase Over 8%
The Street Quant Rating rates Yamana Gold a Hold with a rating score of C+.
5. Harmony Gold Mining | Percentage Increase Over 8%
South Africa-based Harmony Gold Mining (HMY) - Get Report was among the mining companies climbing in response to rising gold prices. The stock has returned about 66% so far this year, according to Zacks Equity Research, while basic materials stocks have lost an average of 1.82%.