Why These 5 Stocks Are Getting Crushed on Wednesday

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1. Yamana Gold Inc. (NYSE:AUY) has slipped more than 1.7% as of 12:20 AM ET as gold prices have declined to a two-week low today on the back of further negotiations between Russia and Ukraine. Furthermore, the increase in bond yields is signaling an interest rate hike in the US. Both these developments dampen the price outlook and attractiveness of gold as a safe-haven asset. As of 12:21 AM ET, the spot gold price is down 0.4% at $1,908.51 per ounce. Meanwhile, gold futures are down over 1% at $1,910.10. Out of the 924 hedge funds in Insider Monkey’s database, 18 funds held a stake in Yamana Gold Inc. (NYSE:AUY) at the of Q4 2021, up from 15 in the third quarter.

You can also take a peek at the 10 Semiconductor Stocks to Buy Under $50 and 10 Dividend Stocks Redditors Buy for Early Retirement.

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