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0 0 0.0003514938488577 0 0.000527240773286487 0.0003514938488577 0.00228471001757474 -0.00246045694200352
Stock impact report

'Wow, nobody wants to buy us': Investors exit as gold prices surge [Financial Post (Toronto, Ontario, Canada)]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: Financial Post
Get the latest from Gabriel Friedman straight to your inbox You can save this article by registering for free here . Or sign-in if you have an account. Two decades ago, rising gold prices launched a historic bull run in Canada's gold mining sector. Now, bullion is popping to all-time highs again, but this time investors are fleeing gold miners' stocks in droves. Even gold exchange-traded funds, which use investors' money to acquire physical stockpiles of bullion, are contracting as gold prices rise, which is precisely the opposite of what many analysts expected. Article content Article content The disconnect ties into a broader trend in which the profile of the largest buyer of gold has shifted: investors are fleeing the gold industry, dumping gold mining stocks and redeeming gold ETFs, while central banks around the world, particularly in China, have dramatically increased annual bullion purchases during the past two years. The result is that the price of gold is shatt Show less Read more
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