Why Is Coeur Mining Stock Surging on Friday?
Coeur Mining (NYSE: CDE) stock rises Friday following U.S. Bureau of Labor Statistics employment data and shifting Fed rate expectations.
Coeur Mining's stock went up on Friday because new job numbers came out and people think the Federal Reserve might change interest rates soon. When interest rates might go down, companies that dig for metals like silver and gold often look more attractive to investors.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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