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Agnico Eagle Mines Ltd (AEM.TO)

Agnico Eagle Mines Ltd (AEM.TO) has seen a significant 9.0% decrease in the last month, compared to a 0.9% drop in gold prices. This decline has led to a fall of 8 positions in the SIA S&P/TSX 60 Index Report, with AEM.TO re-entering the Red Unfavored Zone for the first time since October 2023. This shift indicates potential market concerns, as gold stocks retreat amidst a broader stabilization of gold prices between $2,000 and $2,080, and hints at a deeper correction in the face of strengthening treasury yields and the US Dollar.

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