What's Gold Doing Today?

Gold stocks surged on Thursday after the Fed's Janet Yellen hinted that negative interest rates could be a possibility - in theory at least. "We haven't finished the evaluation," Yellen said during a questioning period on Capital Hill. "I wouldn't take [them] off the table." U.S. gold for delivery in April surged more than 5 percent on Thursday while spot gold gained more than 4.5 percent. "Investors are concerned that central banks' solution (is) negative interest rates or at least not raising rates - and that is gold friendly," Matthew Turner of Macquarie

. " The key risk to gold is that the U.S. economy manages to put in a good performance, like it did last year." Shares of

hit a new 52-week high of $120.83 on Thursday and was higher by more than 4 percent on the day. Investors and traders appear to be more bullish on gold miners rather than the commodity itself as the

gained more than 6 percent. Traders who anticipated a strong move in the gold miners and properly used leveraged ETFs to their advantage saw large gains. Shares of

were higher by nearly 20 percent. The ETF offers a 3x exposure to the NYSE Arca GoldMiners Index. On the other hand,

plunged by 20 percent as the ETF offers a 3x inverse exposure to the GoldMiners Index.

According to