CCORF Upgrades Franco-Nevada(FNV.US) to Buy Rating, Cuts Target Price to $134.75
Franco-Nevada Upgraded to Buy From Hold at Canaccord
Gold Holds Near Two-Month Low As Powell Flags Rate-Cut Restraint
Gold Trades Like the New Bitcoin – TDS
Gold Futures End Lower On Stronger US Dollar, Higher US Treasury Yields
Trump's victory resulted in a Waterloo for gold, with the spot gold price plummeting over $230 from its high.
① On Thursday morning in the European market, spot gold was quoted at $2,555.98 per ounce, having fallen over $230 since the historical high on October 31. ② Analysts state that the decline in gold prices is mainly due to a shift in risk appetite and a strengthening dollar after Trump's victory. Citigroup expects that the bullish market for precious metals may pause for a few weeks. ③ Observers remain bullish on the fundamentals of gold, believing that demand from central banks for gold will remain strong.
