Western Asset Global Corporate Opportunity Fund Inc. shares rise 2.84% intraday as gold prices surge past $3,010.

Western Asset Global Corporate Opportunity Fund Inc. rose 2.84% intraday, with the recent surge in gold prices attracting investors back to mining stocks. Major banks, including HSBC, Bank of America, Standard Chartered, and Citigroup, continue to lean bullish on gold prices, signaling a favorable market for gold as a safe bet during potential stagflation or recession. This bullish sentiment has led to healthy inflows into gold mining ETFs, benefiting mining stocks like Lake Victoria Gold and New Gold.