Krypton Galaxy Coin USD Price & Performance (KGCUSD)

Bank of New York Mellon Corp has reduced its stake in Kinross Gold by 5.9%, selling 91,378 shares during the fourth quarter. The institutional investor now holds 1,466,636 shares valued at $13.6 million. Analysts maintain a positive outlook on the stock, with a consensus rating of 'Moderate Buy.'1

Gold has reached a record high of $2,969 per ounce, marking a 13% rise this year. Trade tensions and economic uncertainty are driving demand for the safe-haven asset. Analysts predict further gains, with some expecting prices to exceed $3,000 per ounce by year-end.2

Gold's surge has boosted mining stocks, with Kinross Gold rising 3.8% and Newmont Corp gaining 5.1%. The VanEck Gold Miners ETF climbed 3.2%, though it remains below historical highs. Analysts attribute the rally to increased risk aversion and geopolitical concerns.2