Precious metals, including gold, silver, palladium, and platinum, display uncertain market trends, with potential influences from the Fed's stance on interest rates and other global economic cues.
The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go entirely dark, experts suggest, even if they’re dragged out longer than crypto firms had hoped.
Shares of Coeur Mining (NYSE: CDE) climbed as much as 10.4% early Friday, then settled to trade up 6.6% as of 3:30 p.m. ET following a notable analyst upgrade for the precious metals mining company. In a note to clients early Friday, RBC Capital analyst Michael Siperco raised his rating on Coeur Mining shares to outperform from sector perform. The timing of this call is no coincidence; Coeur Mining recently participated in RBC Capital's Global Mining and Materials Conference in mid-June 2023.