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Why Gold Royalty Plunged Today

TheMotleyFool

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Why Gold Royalty Plunged TodayBild von Steve Bidmead auf Pixabay : https://pixabay.com/de/photos/gold-ingots-golden-schatz-513062/

Shares of Gold Royalty Corporation (NYSEMKT: GROY) fell 9.1% on Thursday as of 2:00 p.m. EDT.

While Gold Royalty reported earnings last night, this was likely a secondary factor in the stock's fall today, if at all. The entire gold sector was down on Thursday, with gold prices down nearly 6% at that time.

Ironically, inflationary fears may be pushing gold prices down today. While inflation would normally mean each ounce of gold is worth more dollars, the past year's price spike and fears over the Federal Reserve's potential reaction to inflation are sending prices down today.

Source Fool.com

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