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Why Shares of PolyMet Mining Are Crashing Today

Why Shares of PolyMet Mining Are Crashing Today

During periods of geopolitical uncertainty, it's typical for investors to rush toward gold, recognizing it as a defensive position -- a dynamic that played out yesterday. Dropping below $2,000 per ounce, the price of gold is heading south today, however, as President Volodymyr Zelenskyy articulated a willingness to negotiate with Russia. The other likely catalyst for PolyMet's slide is the simple fact that investors are taking profits today.