🔴 Gold-Miner Income ETF (AEME.TO) is trading 3.2% down as gold prices ease from recent highs

AEME.TO is trading at CA$12.11, with a -3.20% change as easing gold prices pressure gold miners.

• Agnico Eagle is pulling back after Wednesday’s gain as bullion eases from recent highs toward US$4,400 per ounce; spot gold is down 0.31% and August futures are down 0.57%.
• The softer gold-miner backdrop outweighed generally positive equity-market conditions. Flat headline PPI and higher jobless claims lowered rate-hike expectations, but firmer core producer-price pressure and still-high Treasury yields kept gold volatile.