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Think of gold mining stocks as a leveraged play on the gold price. When the gold price moves higher, so do gold mining stocks. You can see this extreme volatility in the chart below:
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Conversion Gold Price(Spot) Price; 1 Troy Ounce ≈ 1,097 Ounce Gold Price Per 1 Ounce 1773.11 USD 1 Troy Ounce ≈ 0,031 Kilogram
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