Gold Tops $2400 Amid Rate-Cut Hope: Is the Bull Run Over?

The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September.

Analysts NotebookJul 12 11:23 ET

Jefferies Raises Price Target on Agnico Eagle Mines to $66 From $59, Maintains Hold Rating

Agnico Eagle Mines (AEM) has an average outperform rating and price target range of $56 to $101, according to analysts polled by Capital IQ.Price: 74.93, Change: +0.31, Percent Change: +0.42

MT NewswiresJul 12 10:33 ET

Agnico Eagle Mines Price Target Raised to $66.00/Share From $59.00 by Jefferies

Agnico Eagle Mines Price Target Raised to $66.00/Share From $59.00 by

Dow JonesJul 12 10:29 ET

Agnico Eagle (AEM) Receives a Hold From Jefferies

TipRanksJul 12 08:05 ET

Express News | Agnico Eagle Mines Ltd (Ontario) : Jefferies Raises Target Price to $66 From $59

ReutersJul 12 00:49 ET

Agnico Eagle Mines Ltd Price Target Raised to C$115.00/Share From C$105.00 by Eight Capital

Agnico Eagle Mines Ltd Price Target Raised to C$115.00/Share From C$105.00 by Eight

Dow JonesJul 11 12:28 ET