Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.
Portfolio Pulse from Benzinga Newsdesk
Precious metals stocks are experiencing a rise in share prices as gold and silver prices increase following the Federal Reserve's decision to cut interest rates by 50 basis points.
September 19, 2024 | 12:45 pm
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Coeur Mining, Inc. (CDE) shares are likely benefiting from the rise in gold and silver prices, driven by the Fed's rate cut.
CDE, being a mining company with exposure to gold and silver, is directly impacted by changes in these commodity prices. The Fed's rate cut has led to an increase in gold and silver prices, which is likely to positively affect CDE's stock price.
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IMPORTANCE 70
RELEVANCE 80