AEME.TO is trading at $11.68, down 3.2% from its June 26 close of $12.07, as weakness in Agnico Eagle and broader gold-equity sentiment weighs on the fund.
- The covered-call gold income ETF is facing pressure alongside Agnico Eagle’s share price amid a broader risk-on equity rally that has diverted capital away from defensive assets.
- A lack of supportive macroeconomic catalysts for gold has further dampened sentiment for gold miners and related equity-income products.