On September 3, Agnico Eagle Mines rose 3.3% in pre-market trading, trading at 202.25 USD/share, with turnover of $2.2136 million.

On the news front, US July employment data came in unexpectedly weak, dampening market expectations for further Fed rate hikes this year. Spot gold prices rebounded to around $4,423/oz, driving a broad rally across the precious metals sector. In the prior session, the S&P/TSX Composite Index hit an all-time high led by mining stocks, with Agnico Eagle Mines and Wheaton Precious Metals each surging over 7% and Barrick Gold gaining 5.5%.

Within the Gold sector, the rally remained broad-based. Among individual stocks, Coeur Mining up 3.13%, Newmont Mining up 2.79%, Barrick Mining Corporation up 2.64%, Pan American Silver up 2.41%, and AngloGold Ashanti up 2.27%. The sector momentum followed a sharp reversal from September 1, when spot gold had broken below the $4,600/oz level and precious metals stocks sold off on rising rate-hike expectations after US July core PCE met consensus at +3.3% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)