Express News | Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Following US Jobs Data
The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift
While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.
Gold Pushes Higher as Investors Expect Fed Will Start to Ease
Gold headed for a back-to-back weekly gain on expectations that the Federal Reserve will trim interest rates before year-end, with traders looking ahead to US payrolls data for the next batch of clues on the outlook.
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.
BMO Capital Maintains Franco-Nevada(FNV.US) With Buy Rating, Raises Target Price to $149.63
BMO Capital analyst Jackie Przybylowski maintains $Franco-Nevada(FNV.US)$ with a buy rating, and adjusts the target price from $147.2 to $149.63.According to TipRanks data, the analyst has a success r
Franco-Nevada Is Maintained at Buy by B of A Securities
Franco-Nevada Is Maintained at Buy by B of A Securities
B of A Securities Maintains Buy on Franco-Nevada, Raises Price Target to $142
B of A Securities analyst Lawson Winder maintains Franco-Nevada (NYSE:FNV) with a Buy and raises the price target from $141 to $142.
Franco-Nevada Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/26/2024 20.87% B of A Securities $141 → $142 Maintains Buy 05/23/2024 20.02% Scotiabank $140 → $141 Mai
Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.
Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.
Gold Prices Set To Climb To $3,000 On Fed Rate Cuts, Geopolitical Tensions, Bank of America Says
Gold prices could skyrocket to $3,000 per ounce within the next 12 to 18 months, according to Bank of America's latest analysis.
Delivery concerns reoccur! The near-month copper price differential is once again on the rise.
Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.
Gold Price Stands Tall Near Two-week High Amid Rising Fed Rate Cut Bets
Gold price consolidates the previous day’s strong move up to a two-week high.
EMX Royalty Announces That It Has Entered Into Credit Agreement for a $35 Million Loan With Franco-Nevada Corporation
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce it has entered into
Goldman Sachs: Buy some gold after US election.
Goldman Sachs pointed out that holding long positions in gold has significant value and can hedge against inflation and geopolitical risks that may arise from post-election tariffs, subordinate risks from the Federal Reserve, and rising US debt.
Franco-Nevada Corp's Dividend Analysis
Franco-Nevada Files for $2B Mixed Securities Shelf
Gold Price Stays Firm as Fed Holds Rates and Tilts Hawkish
Gold trades at $2,318, up 0.13%, supported by lower-than-expected US inflation and falling Treasury yields. as Fed holds rates steady.
CPI and Fed Rate Decision: Here's What the Experts Predict for Today
Wall Street is set for a volatile session as the Federal Reserve prepares to release interest rate decisions following the latest consumer price index (CPI) reading, a dual occurrence that could recalibrate expectations for interest rate cuts this year.