10 Firms, Predominantly Gold Miners, Lead Wednesday Rally

6. Coeur Mining Inc. (CDE)

Coeur Mining (CDE) saw its share prices on Wednesday grow by 5.06 percent to finish at $6.44 apiece following higher gold prices that nearly hit a four-week high.

On Wednesday, spot gold rose by 0.3 percent to $2,657.38 per ounce, as of 02:15 p.m. ET, hitting its highest since December 13. Meanwhile, US gold futures settled 0.3 percent higher at $2,672.40.

Coeur Mining benefited from incoming president Donald Trump’s recent criticism of the Federal Reserve for interest rates being “far too high.”

Lower interest rates would look less appealing to investors and may force them to shift their funds into non-interest assets such as gold.