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

Franco-Nevada Is Maintained at Hold by Jefferies

Franco-Nevada Is Maintained at Hold by

Dow JonesJul 12 10:48 ET

Express News | Jefferies Maintains Hold on Franco-Nevada, Raises Price Target to $133

BenzingaJul 12 10:39 ET

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

BenzingaJul 12 10:38 ET

Express News | Franco-Nevada Corp : Jefferies Raises Target Price to $133 From $129

ReutersJul 12 02:22 ET

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.

FXStreetJul 11 11:31 ET