Coeur Mining (CDE) Climbs 9.5% as Fed Rate Cut Bolsters Silver, Gold

We recently published 10 Firms Stealing the Spotlight; 4 Are Climbing to Record Highs. Coeur Mining, Inc. (NYSE:CDE) is one of the best performers on Thursday. Coeur Mining rebounded by 9.46 percent on Thursday to finish at $17.48 apiece as investors took heart from the jump in spot prices of silver and gold during the day, supported by the Federal Reserve’s official decision to cut interest rates. Typically, rate cuts favor precious metals as they weaken the US dollar, making it cheaper for foreign inv ...