Red gold! Fortescue (ASX:FMG) share price surges 8% in 2 days

It’s no secret that ASX shares have had a pretty pleasing end to this week’s trading. Since Wednesday morning, the S&P/ASX 200 Index (ASX: XJO) is up a robust 2.5%, including today’s gain of 0.4% thus far. But that’s nothing compared to the Fortescue Metals Group Limited (ASX: FMG) share price.

Over the same period, Fortescue shares have gone from $17.15 a share to the $18.51 the ASX 200 iron ore miner is commanding today at the time of writing. That’s a very robust gain of 7.9%. What’s more, Fortescue reached intra-day highs of $18.69 during today’s session. That represents a gain of 8.8%. Not bad for just a few days.