No Data
Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Amid a Drop in the Dollar Following Key US Economic Data.
Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Amid a Drop in the Dollar Following Key US Economic Data.
From Bold to Boring
After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.
Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.
Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.
Toronto Stocks Slip as Miners Weigh on Gains in Other Sectors
Stocks on Canada's biggest exchange slipped as the weakness in the mining sector offset gains in the financial sector.
Toronto Stocks Make Modest Gains as Tech, Finance Sectors Rise
Stocks in Toronto were higher Thursday, outpacing the modest advances on Wall Street. The Toronto Stock Exchange's S&P/TSX Composite Index was up 0.7% at 21942.16 as the technology and finance sectors led broad gains.
CCORF Maintains Agnico Eagle(AEM.US) With Buy Rating, Cuts Target Price to $76.49
CCORF analyst Carey MacRury maintains $Agnico Eagle(AEM.US)$ with a buy rating, and adjusts the target price from $76.64 to $76.49.According to TipRanks data, the analyst has a success rate of 60.8% a