Stock Track | Agnico Eagle Mines Soars 5.02% Intraday as Gold Rises on Soft Inflation Data, Fed Rate Cut Hopes

Stock Track

Feb 14

Agnico Eagle Mines' stock soared 5.02% during intraday trading on Friday, significantly outperforming the broader market.

The surge in the gold miner's share price tracked a sharp rise in bullion prices. Spot gold was up 1.5% at $4,992.27 per ounce after weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve interest rate cuts this year.

Gold mining stocks typically move in tandem with the price of gold, as their profitability is directly linked to the metal. The soft inflation data offset concerns from stronger jobs data earlier in the week, driving investors toward the precious metal and related equities.

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Spot gold was up 1.5% at $4,992.27 per ounce after weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve interest rate cuts this year.</p><p>Gold mining stocks typically move in tandem with the price of gold, as their profitability is directly linked to the metal. The soft inflation data offset concerns from stronger jobs data earlier in the week, driving investors toward the precious metal and related equities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AEM","symbol_name":"伊格尔矿业","start_time":0,"source_url":"","article_id":"1164669930","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164669930","pubTimestamp":1771000797,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Agnico Eagle Mines' stock soared 5.02% during intraday trading on Friday, significantly outperforming the broader market.The surge in the gold miner's share price tracked a sharp rise in bullion...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AEM":"伊格尔矿业"},"translate_title":"个股追踪|Agnico Eagle Mines盘中飙升5.02%，金价因通胀数据疲软和美联储降息希望而上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AEM":1},"content_text":"Agnico Eagle Mines' stock soared 5.02% during intraday trading on Friday, significantly outperforming the broader market.The surge in the gold miner's share price tracked a sharp rise in bullion prices. 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