Allied Gold stock rebounds as gold prices bounce back after sharp selloff
Allied Gold Corporation shares rose 3.1% to $23.67 in morning trading Tuesday, recovering from Monday’s slide as gold prices rebounded. Spot gold climbed 1.6% after dropping 4.5% the previous day. Mining shares led gains on Canada’s S&P/TSX composite index. Investors await the Federal Reserve’s December meeting minutes for signals on interest rates.