Warsh's Remarks Are Sinking Mining Stocks: Here's Why
Silver and gold miners fell hardest after Kevin Warsh signaled a strong commitment against inflation. First Majestic Silver dropped 5%.
A government official said the country will work hard to stop prices from rising too fast, and investors got worried that this might hurt mining companies. When people think inflation will be controlled, they care less about owning gold and silver as protection.
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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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