AEME.TO is trading at CA$11.40, up 8.37%, amid a gold-miner-specific rally as a weaker U.S. dollar supported bullion.
- Gold rose more than 2% after the dollar weakened following Democrats’ win of control of both congressional chambers, supporting gold-mining shares.
- Agnico Eagle, the ETF’s underlying holding, was up 5% in reported trading; the fund’s approximately 25% leverage can amplify its exposure to the shares.
- The rally appears specific to gold miners rather than explained by broad-market strength alone.