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.
Franco-Nevada Is Maintained at Hold by Jefferies
Franco-Nevada Is Maintained at Hold by
Express News | Jefferies Maintains Hold on Franco-Nevada, Raises Price Target to $133
Franco-Nevada Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/12/2024 3.81% Jefferies $129 → $133 Maintains Hold 06/26/2024 10.83% B of A Securities $141 → $142
Express News | Franco-Nevada Corp : Jefferies Raises Target Price to $133 From $129
Precious Metals Start a Rally After Soft US CPI Data – TDS
Precious metals rally started after below expected US inflation data hit the market. Asian demand for Gold (XAU/USD) and Silver (XAG/USD) goes up, TDS senior commodity strategist Ryan McKay notes.
Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month
Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
Gold Price Resumes Uptrend, US CPI in Focus
Gold surges amid growing expectations of Fed rate cuts in September.
CIBC Maintains Franco-Nevada(FNV.US) With Buy Rating, Raises Target Price to $194.62
CIBC analyst Cosmos Chiu maintains $Franco-Nevada(FNV.US)$ with a buy rating, and adjusts the target price from $183.35 to $194.62.According to TipRanks data, the analyst has a success rate of 50.2%
Franco-Nevada Corp Price Target Raised to C$265.00/Share From C$250.00 by CIBC World Markets
Franco-Nevada Corp Price Target Raised to C$265.00/Share From C$250.00 by CIBC World
Gold Price Inches Higher as Powell Signals Patience
Gold prices rise above $2,360 after Powell’s Senate testimony indicates a cautious approach to rate cuts.
Gold prices fell after investors took profit, ING said the gold rally will continue until the end of the year.
USA gold futures fell sharply on Monday as investors took profits. Last week, the price of gold rose sharply on expectations that the Federal Reserve might lower interest rates in September.
Update: National Bank Notes Osisko Gold Royalties Preliminary Q2 Sales Below Estimates
Osisko Gold Royalties (OR: TSX & NYSE) said Monday that it earned 20,068 attributable gold equivalent ounces in the second quarter.The company recorded preliminary revenue from royalties and streams o
Precious Metals Continue to Grow – TDS
Precious metals continued to perform well in a holiday-shortened week, TD Securities Senior Commodity Strategist Ryan McKay notes.
Silver Price Analysis: Silver Probably Rising in C Leg of Measured Move
Silver (XAG/USD) has decisively broken out of the descending channel it was in during the second half of May and June.
Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.
According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.
Optimistic prospects for interest rate cuts have led to a general increase in major overseas asset classes such as US stocks, gold, silver, and crude oil. Weekly report on major overseas assets.
After the release of non-farm data for the week of July 1-5, the US stock and bond markets rose and the US dollar came under pressure. Upon realizing the 'data detail' that the data in the first two months before non-farm was cut by 0.11 million, US bonds sharply rebounded and the yield curve became steeper.
Gold and silver hit new one-month highs! Behind it is not only the boost of non-agricultural employment, but also the "big purchases" of the Reserve Bank of India.
The Non-Farm Payroll report released a significant signal of cooling in the US labor market, with expectations of a Fed interest rate cut rising and the US dollar under pressure. India's central bank gold reserves increased by over 9 tons in June, the highest level since July 2022.
Amidst the low battery prices, hedge funds quietly bought physical cobalt.
This year, the sales of electric autos have been weaker than expected and the cobalt market has experienced a record oversupply, causing spot cobalt prices to drop to a seven-year low. The cobalt futures price, which will be delivered in one year, is already 20% higher than the spot price. A significant spot discount creates opportunities for arbitrage.