Agnico-Eagle Mines is a leading precious metals mining company that primarily focuses on the exploration, extraction, and production of gold, along with other minerals. Headquartered in Canada, the company operates several mines across North America and has a strong commitment to sustainable mining practices, environmental stewardship, and community engagement. With a robust portfolio of assets and a proactive approach to resource development, Agnico-Eagle seeks to create value for its stakeholders while contributing positively to the regions in which it operates. The company's strategic initiatives include expanding its production capabilities and investing in innovative technologies to enhance efficiency and safety in mining operations. Read More
Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises of the early 2010s.
The U.S. Dollar Index, which measures the dollar against a basket of six major currencies, fell to 98.30, its lowest level since March 2022, in pre-market trade on Monday.
Last week was a nasty one for the market, and while some holdings fared better than others, there was definitely some bloodshed in the portfolio. But I still like Agnico Eagle Mines Ltd. (AEM)
Gold prices exceeded $3,000/oz, with potential to reach $3,500 if investment demand rises. China's insurance sector and central banks may increase gold holdings, while ETF inflows signal growing retail interest. Trade policy uncertainty and a weaker U.S. dollar could further support prices.
In early trade, gold prices surged to an all-time high of $3,127.92 per ounce, though broader equity markets edged lower as Wall Street awaits the rollout of Trump's tariffs.
