A fundamental and technical analysis of (NYSE:AEM): AGNICO EAGLE MINES LTD (NYSE:AEM) may be suited for high growth investing, we'll explore why in this article.
Sustained higher gold prices support mining stocks, such as Agnico Eagle Mines and Freeport-McMoRan, which are expected to be the next part of gold's big move
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)
