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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.
Newmont, Eastman Chemical Among Top Quant Picks in Materials as Earnings Loom
Express News | CNBC Halftime Report Final Trades: Pfizer, L3Harris Technologies, VanEck Gold Miners ETF, Invesco S&P 500 Equal Weight ETF
Newmont Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 34.26% CIBC $46 → $61 Upgrades Neutral → Outperformer 06/26/2024 10.05% B of A Securities $49 →
Red-hot Stocks Over the Past the Week Include TSLA, NVDA, AMD, and Others
Gold Moves Higher as the Dollar Drops After the Fed's Powell Offers Little Detail on Interest-Rate Cuts
Gold traded higher early on Wednesday as the dollar and yields weakened ahead of the second day of Federal Reserve Chair Jerome Powell's congressional testimony.Gold for August delivery was last