The TSX Composite closed at a fourth consecutive record Thursday, but the headline gain concealed sharp dispersion underneath. Thirteen constituents moved more than four percent in either direction, including Pan American Silver, which fell 9.78%, even as gold itself slipped only 1.35% following a cooler than expected US inflation print. The mismatch between the metal and the miner is a familiar pattern in behavioural finance after a well anticipated data release, often described as selling the news.
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