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Agnico Eagle Mines Gains 5%

Agnico Eagle Mines Limited (AEM) shares are progressing more than 5 percent on Wednesday morning trade, continuing an uptrend since yesterday. The stock has touched a year-to-day low on Monday. There were no corporate announcements today to influence the stock gain.

Currently, shares of the gold mining company are at $39.80, up 5.58 percent from the previous close of $37.65 on a volume of 807,236.

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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