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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.
Gold Fields Is Maintained at Neutral by JP Morgan
Gold Fields Is Maintained at Neutral by JP Morgan
JPMorgan Trims Price Target on Gold Fields to $16.70 From $17.50, Maintains Neutral Rating
Gold Fields (GFI) has an average outperform rating and price target range of $14 to $22, according to analysts polled by Capital IQ. Price: 15.37, Change: +0.43, Percent Change: +2.84
Express News | Gold Fields Ltd : JP Morgan Cuts Target Price to $16.70 From $17.50
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.