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.