Moderna Doubles, Gold Rallies To $4,500 As Dollar Sinks: Stock Market Today
Treasury's expanded long-bond buybacks knocked yields off 20-month highs and sank the dollar, as gold soars.
Read original at benzingaStocks · News reference
Coeur Mining Q2 Adj. EPS $0.12 Misses $0.32 Estimate, Sales $1.086B Miss $1.286B Estimate
Coeur Mining (NYSE:CDE) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.32 by 62.5 percent. This is a 25 percent decrease over earnings of $0.16 per share from the same
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Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.
Read original at benzingaGold Miners Eye Best Month Since April 2020: 5 Stocks Are Already Up 30% In August
Gold miners are surging as gold approaches $4,400. Five stocks are already up more than 30% in August as margins remain strong.
Read original at benzingaShares of precious-metals related companies are trading higher amid gains for gold and silver after worse-than-expected U.S. retail sales data. Slowing consumer demand may force the Fed to delay rate hikes and let inflation remain elevated, which may support inflation hedges.
Read original at benzinga