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Gold mining stocks fell in H1 2026 due to the oil crisis, with flat outlook for H2 but better long-term prospects.

Market News
07 Jul 2026
Seeking Alpha
View Source
Neutral
pluang ai news

Gold mining stocks experienced significant declines in the first half of 2026, primarily due to the oil crisis that erupted that year. Despite a strong start to 2026, the crisis caused major losses, similar to the 1973 oil crisis. The second half of 2026 is expected to see a stabilization with no repeat of the heavy losses, but substantial gains remain unlikely as the crisis is not fully resolved. However, the longer-term outlook for gold mining stocks is positive, as the ongoing situation could ultimately benefit physical gold and its producers.

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