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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.
IAG Concludes Share Purchase for Air Europa Deal
International Consolidated Airlines Group (IAG) has successfully concluded its share purchase program, acquiring 27,064,575 shares to potentially fulfill part of the payment for the acquisition of Air Europa. The shares represent roughly 0.5% of IAG’s share capital and may also serve to grant share awards to employees if the acquisition does not proceed.
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
IAMGOLD Price Target Raised to $4.90/Share From $4.80 by CIBC
IAMGOLD Price Target Raised to $4.90/Share From $4.80 by
Express News | CIBC Maintains Neutral on Iamgold, Raises Price Target to $4.9
Iamgold Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 16.95% CIBC $4.8 → $4.9 Maintains Neutral 06/06/2024 7.4% Scotiabank $4.25 → $4.5 Maintains
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