Shares of precious metals stocks are trading lower amid a rise in the US dollar.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals stocks are trading lower due to a rise in the US dollar. The stocks mentioned include CDE, EGO, EXK, GFI, HL, HMY, MUX.
July 27, 2023 | 6:03 pm
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NEGATIVE IMPACT
Coeur Mining (CDE) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in CDE's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Eldorado Gold (EGO) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in EGO's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Endeavour Silver (EXK) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in EXK's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Gold Fields (GFI) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in GFI's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hecla Mining (HL) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in HL's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Harmony Gold (HMY) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in HMY's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
McEwen Mining (MUX) shares are trading lower due to a rise in the US dollar.
The rise in the US dollar typically has a negative impact on precious metals stocks as it makes them more expensive for buyers in other currencies. This is likely causing the drop in MUX's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100