New York (CNN Business) Warren Buffett hates gold -- he has made no secret of his distaste for it as an investment. But the Oracle of Omaha's Berkshire Hathaway ( BRKB ) revealed Friday that it has bought a new stake in top miner Barrick Gold. Shares of-- one of the world's most valuable gold mining firms -- soared nearly 12% Monday on the news. That makes the Berkshire investment in Barrick more noteworthy -- and possibly helps to explain the rationale for it. Berkshire was not immediately available for comment to clarify the new Barrick investment.

Source: CNN August 17, 2020 15:45 UTC