Coeur Mining (CDE) Gets Battered by Gold Decline

Core Insights - Coeur Mining, Inc. (NYSE:CDE) experienced a significant decline of 16.11% on Tuesday, closing at $18.48, reflecting a broader downturn in the sector due to falling gold prices [1][2] - The prices of gold and silver dropped by 6.3% and 8.7%, respectively, as investors took profits after recent highs in precious metals [2] - Coeur Mining is set to release its third quarter earnings results after market close on October 29, with a conference call planned to discuss the results in detail [3][4] Market Context - The decline in Coeur Mining's stock coincides with an anticipated Federal Reserve interest rate cut, which is expected to support precious metal prices by weakening the US dollar [4] - The recent performance of Coeur Mining and the precious metals market indicates a volatile environment influenced by investor sentiment and macroeconomic factors [2][4]