Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.
July 03, 2024 | 2:58 pm
News sentiment analysis
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POSITIVE IMPACT
Agnico Eagle Mines (AEM) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
AEM is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost AEM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coeur Mining (CDE) shares are trading higher as silver prices rise due to a weaker dollar following key US economic data.
CDE is directly impacted by silver prices. A rise in silver prices due to a weaker dollar is likely to boost CDE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eldorado Gold (EGO) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
EGO is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost EGO's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Endeavour Silver (EXK) shares are trading higher as silver prices rise due to a weaker dollar following key US economic data.
EXK is directly impacted by silver prices. A rise in silver prices due to a weaker dollar is likely to boost EXK's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Franco-Nevada (FNV) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
FNV is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost FNV's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gold Fields (GFI) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
GFI is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost GFI's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Barrick Gold (GOLD) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
GOLD is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost GOLD's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hecla Mining (HL) shares are trading higher as silver prices rise due to a weaker dollar following key US economic data.
HL is directly impacted by silver prices. A rise in silver prices due to a weaker dollar is likely to boost HL's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
IAMGOLD (IAG) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
IAG is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost IAG's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kinross Gold (KGC) shares are trading higher as gold prices rise due to a weaker dollar following key US economic data.
KGC is directly impacted by gold prices. A rise in gold prices due to a weaker dollar is likely to boost KGC's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
McEwen Mining (MUX) shares are trading higher as gold and silver prices rise due to a weaker dollar following key US economic data.
MUX is directly impacted by both gold and silver prices. A rise in these prices due to a weaker dollar is likely to boost MUX's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pan American Silver (PAAS) shares are trading higher as silver prices rise due to a weaker dollar following key US economic data.
PAAS is directly impacted by silver prices. A rise in silver prices due to a weaker dollar is likely to boost PAAS's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sibanye Stillwater (SBSW) shares are trading higher as gold and silver prices rise due to a weaker dollar following key US economic data.
SBSW is directly impacted by both gold and silver prices. A rise in these prices due to a weaker dollar is likely to boost SBSW's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wheaton Precious Metals (WPM) shares are trading higher as gold and silver prices rise due to a weaker dollar following key US economic data.
WPM is directly impacted by both gold and silver prices. A rise in these prices due to a weaker dollar is likely to boost WPM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80