US Stock Market Move | The concept of precious metals stocks rose across the board, with Coeur Mining, Inc. (CDE.US) up over 5%.

On Wednesday, precious metal stocks broadly increased, with Silvercorp Metals (SVM.US) rising over 6%, Coeur Mining, Inc. (CDE.US) and First Majestic Silver (AG.US) gaining more than 5%, Pan American Silver Corp. (PAAS.US) and Kinross Gold Corporation (KGC.US) up over 4%, Gold Fields Limited Sponsored ADR (GFI.US) rising by more than 2%, and AngloGold Ashanti (AU.US) increasing by over 1%. Newmont Corporation (NEM.US) and Agnico Eagle Mines Limited (AEM.US) both rose by over 3%. Deutsche Bank Aktiengesellschaft's latest research indicates that the systematic trading funds (CTAs) driving this round of gold price increases are nearing the end of their buying phase, while market selling pressure is also close to exhaustion. This suggests that even if the Federal Reserve issues hawkish signals, precious metal prices may unexpectedly remain strong, with the baton for the next round of increases likely passing to active discretionary traders.