Precious metals, which were the best-performing asset class in 2025, have been under pressure this year. The sharp decline in gold (GCQ26) and silver prices (SIN26) has taken a toll on the share prices of companies that mine them. Looking at some of the gold miners, both Anglogold Ashanti (AU) and Agnico-Eagle Mines (AEM) have fallen nearly 40% from their 2026 highs and are in a deep bear market.
In my previous article in March, I had noted that Anglogold Ashanti was a buy after the dip at that time. The stock recovered subsequently but has since plunged below that level. Now let's analyze whether it’s time to double down on gold mining stocks or whether more pain lies ahead.
