Q: Hello, the stock price of Agnico Eagle Mines Limited (AEM.TO) has experienced a decline of more than 5% recently. How do you explain this drop in price? Should we continue to hold? Thank you
5i Research Answer:
There is no news in the past week; the price of gold has dropped, and all commodities are seeing some weakness. Chatter on higher-for-longer US interest rates is also hurting sentiment towards the gold sector.