Worries about inflation and Fed rate hikes are hurting gold. It’s no longer a haven. There could be more downside ahead.
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
(Bloomberg) -- Gold and silver rallied after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Bigges
Agnico Eagle Mines (AEM) has approved redevelopment of its Hope Bay project in Nunavut, committing US$2.4b to an underground gold mine and a 6,000 tonnes per day processing facility tied to federal Arctic development support. See our latest analysis for Agnico Eagle Mines. The Hope Bay commitment comes as Agnico Eagle’s stock has eased in the short term, with the 30 day share price return down 12.48% and the 90 day share price return down 22.13%. At the same time, the 1 year total shareholder...
AEM shines with upbeat earnings, but rising unit costs and inflation pressure could test its margin discipline in 2026.