Movement Alert|Alamos Falls 5.07% in Regular Trading, Gold Sector Under Pressure as Rate Hike Expectations Strengthen Dollar

Market Focus
Sep 29

On September 29, Alamos fell 5.07% in regular trading, trading at $32.695/share, with turnover of approximately $150 million. The decline came amid broad-based selling across the gold mining sector driven by macro headwinds.

On the news front, the Federal Reserve's hawkish stance continued to weigh on precious metals, with market pricing now reflecting approximately 71% probability of another 25-basis-point rate hike in October. The U.S. Dollar Index held near a two-month high while the 10-year Treasury yield hovered close to the 5.1% level, diminishing gold's appeal as a non-yielding asset. Meanwhile, easing Middle East tensions and growing diplomatic expectations around a U.S.-Iran ceasefire further unwound the geopolitical risk premium that had previously supported gold prices, sending spot gold into a sustained retreat.

Within the Gold sector, declines were widespread. Among peers, Coeur Mining fell 6.74%, Agnico Eagle Mines fell 5.33%, Wheaton Precious Metals fell 5.32%, Newmont Mining fell 4.48%, and Barrick Mining fell 4.38%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10