Hecla Mining and Coeur Mining shares jumped 13% after the U.S. Treasury said it would double its long-dated debt buybacks, a move participants see as a potential boost to precious metals demand. Silver traded at $63.77 an ounce and gold at $4,358 an ounce as the rally lifted both metals.
Hecla Mining and Coeur Mining stock surged 13% after the U.S. Treasury said it would double its long-dated debt buybacks. The announcement fed a rally in precious metals that had already been trading at elevated levels.
Silver changed hands at $63.77 per ounce. Gold traded at $4,358 per ounce over the same stretch. Participants view the buyback plan as a catalyst that could potentially increase demand for both metals, which helped lift the miners' shares.
Prediction markets showed a slight increase in the probability of higher gold prices by the end of December, though that probability remains low overall.
Source: Crypto Briefing
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