Precious Metals Sector Plunges as Gold and Silver Prices Tumble

Stock News
05/15

On Friday, the precious metals sector experienced a broad sell-off. Coeur Mining (CDE.US) fell over 8%, Pan American Silver (PAAS.US) dropped more than 7%, while Newmont Corporation (NEM.US), Barrick Gold Corporation (B.US), and Agnico Eagle Mines (AEM.US) all declined over 5%. The declines followed a sharp drop in gold and silver prices, with spot gold down more than 2% and spot silver plummeting over 8%.

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