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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.