--- title: "Why Is Coeur Mining Stock Surging on Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/295000403.md" description: "Coeur Mining (NYSE:CDE) stock surged 7.37% to $17.40 on Wednesday, driven by a broader rally in precious metal equities and rising gold prices hitting ~$4,250/oz. The increase was fueled by a weaker dollar and hopes for a geopolitical resolution between the U.S. and Iran, which lowered inflation concerns. Technically, CDE shows improving momentum but faces resistance near $20." datetime: "2026-08-05T18:07:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295000403.md) - [en](https://longbridge.com/en/news/295000403.md) - [zh-HK](https://longbridge.com/zh-HK/news/295000403.md) --- # Why Is Coeur Mining Stock Surging on Wednesday? **Coeur Mining, Inc.** (NYSE:CDE) stock traded higher on Wednesday as precious metal-related stocks gained momentum from the sharp rise in gold prices. The Nasdaq is down 0.36% while the S&P 500 has gained 0.04%. Gold extended gains to around $4,250 an ounce on Wednesday, marking its highest level since June 18, according to Trading Economics. The surge followed a weaker dollar and anticipation of a deal over the Strait of Hormuz that would ease inflation and future rate-hike concerns, according to Benzinga Pro. **Read Also: Bitcoin Loses to Stocks for the First Time in 14 Years: What Is Happening?** President **Donald Trump** said the U.S. and Iran held "very good discussions" on Tuesday, raising market hopes for a deal to end their five-month conflict. The prospect of restored Middle Eastern energy supplies pushed oil prices down approximately 10% this week, lowering broader inflation concerns and reducing expectations for further Fed tightening. ## Critical Levels To Watch for CDE Stock From a longer-term trend view, CDE is still working back from mid-year damage: the 50-day SMA is below the 200-day SMA (a death cross that occurred in June), which typically signals the bigger trend needs more time to fully repair. That said, the stock is now trading 12.2% above its 20-day SMA ($15.43) and 5% above its 50-day SMA ($16.49), showing the intermediate-term rebound is still intact. The key "tell" right now is the battle around the longer averages: CDE is trading 1.7% below its 100-day SMA ($17.61) and 6.9% below its 200-day SMA ($18.59), so rallies are still running into overhead supply. MACD is above its signal line with a positive histogram, which in plain English suggests downside pressure is easing, and momentum is improving versus the prior downswing—even if the longer trend hasn’t fully flipped. - **Key Resistance**: $20 — a round-number zone that can act as a natural stalling point as price works back toward longer-term overhead supply - **Key Support**: $15 — a nearby round-number area that sits close to the recent base and the 20-day SMA region where buyers have been active **CDE Price Action:** Coeur Mining shares were up 7.37% at $17.40 at the time of publication on Wednesday, according to Benzinga Pro data. **Read Also: OpenAI and Anthropic AI Models Created 'Multiple' Fake Identities, Tried to Spread Malicious Code, UK Report Says** _Image via Shutterstock_ ### Related Stocks - [CDE.US](https://longbridge.com/en/quote/CDE.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [If You Invested $1000 In Coeur Mining Stock 5 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/295727881.md) - [Roth MKM Reaffirms Their Buy Rating on Coeur Mining (CDE)](https://longbridge.com/en/news/295185277.md) - [Can Coeur Mining (CDE) Justify Its Discount After Q2 Earnings Concerns?](https://longbridge.com/en/news/294925816.md) - [Coeur Mining Q2 adjusted EPS misses estimates, co lowers production guidance at New Afton](https://longbridge.com/en/news/295016406.md) - [Coeur Mining ajukan Form 3; SVP Dorothy Anne Beckelheimer laporkan kepemilikan saham awal](https://longbridge.com/en/news/295584859.md)