Overview
- Coeur Mining, which rose about 6% Friday, snapped a two-day decline as precious‑metal prices turned higher.
- Gold reversed recent losses with a sharp late‑morning jump that Yahoo Finance reported at roughly 4% at one point, and silver also gained.
- Investors moved money into assets seen as safer as tensions between Israel and Iran stayed high, a shift that supported gold, silver, and related stocks.
- Wells Fargo forecast gold could finish 2026 between $6,100 and $6,300 per ounce and described lower gold‑stock prices as a tactical opportunity.
- Coeur reported large year‑over‑year increases in profit and revenue, though analysts polled by S&P Global Market Intelligence say its earnings could be near a peak.