contributed to the surge in precious metal companies.

Gold is viewed as an inflationary hedge and has traded higher amid rising inflation concerns and the ongoing Russia-Ukraine conflict. The United States on Tuesday announced a ban on Russian oil imports. Commodity supply constraints have contributed to the surge in precious metal companies.

Gold, seen as a hedge against inflation, is trading higher amid heightened inflation concerns and the continuation of the Russia-Ukraine conflict. The United States announced a ban on Russian oil imports on Tuesday. The tight supply of commodities is one of the reasons for the surge in precious metals companies.

Hycroft Mining Holding is a gold and silver producer with mining operations in Nevada.

Hycroft Mining Holding is a gold and silver producer with mining operations in Nevada.