Precious Metals Sector Plunges as Gold and Silver Prices Tumble

Stock News05-15 22:14

On Friday, the precious metals sector experienced a broad sell-off. Coeur Mining (CDE.US) fell over 8%, Pan American Silver (PAAS.US) dropped more than 7%, while Newmont Corporation (NEM.US), Barrick Gold Corporation (B.US), and Agnico Eagle Mines (AEM.US) all declined over 5%. The declines followed a sharp drop in gold and silver prices, with spot gold down more than 2% and spot silver plummeting over 8%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Guavaxf3006
    05-16 09:20
    Guavaxf3006
    Hold on. Don't panic along with the sheeps.  For sure, the stock market has become dangerous. The bubble has never been bigger.  And bonds and treasuries are high risk now as the government (USA) is basically bankrupt and needs to print more dollars. This is not new except in the past you had allies willing/needing to prop the US up. But under Trump? He has made all allies enemies.  Worst of all, recent supporters of the US bond has been Japan, Middle East and Japan. Japan and the Arabs are in trouble. China, Trump has made China enemy number one.  So who is left to help? Maybe Israel? Except Israel is rich enough par capital to thei population. But if they have to take money out to help the mess the US is in, sorry, drop in the ocean. So, what's left? Gold and Silver.
Leave a comment
1
1