Yahoo Finance
Precious metals, which were the best-performing asset class in 2025, have been under pressure this year.
The sharp decline in gold (GCQ26) and silver prices (SIN26) has taken a toll on the share prices of companies that mine them.
Looking at some of the gold miners, both Anglogold Ashanti (AU) and Agnico-Eagle Mines (AEM) have fallen nearly 40% from their 2026 highs and are in a deep bear market.
In my previous article in March, I had noted that Anglogold Ashanti was a buy after the dip at that time.
The stock recovered subsequently but has since plunged below that level.
Now let's analyze whether it’s time to double down on gold mining stocks or whether more pain lies ahead.
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Sign up now! Gold peaked above $5,500 per troy ounce in January but has since fallen to around $4,100.
Several factors have driven gold lower; for instance, inflation has risen over the last few months amid the spike in energy prices.
retail inflation as measured by the consumer price index (CPI) rose at an annualized pace of 4.2% in May, which was the highest in three years.
Inflation has been above the Fed’s 2% target for more than five years now, and the possibility of it falling below that threshold looks dim in the near term.
government, the economy has been on a solid footing, and the labor market has been quite healthy despite fears of artificial intelligence (AI) led layoffs.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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