The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
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Stifel Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $10.53
Stifel analyst Ingrid Rico maintains $Kinross Gold(KGC.US)$ with a buy rating, and adjusts the target price from $8.39 to $10.53.According to TipRanks data, the analyst has a success rate of 59.1%
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Record Gold Prices Are in a 'Different World' Than Silver and Copper. Here's Why.
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Does the Rally in Gold Still Have Room to Run? – TDS
The top ten participants trading in Shanghai Futures Exchange (SHFE) Gold continue to add to their Gold positions, growing their net length towards its highest levels on record, TDS senior commodity strategist Daniel Ghali note.
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Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts
Gold prices have been on an upward trajectory, driven by mounting expectations for Federal Reserve rate cuts and increased bets on Donald Trump's re-election.
National Bank Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $11.7
National Bank analyst Mike Parkin maintains $Kinross Gold(KGC.US)$ with a buy rating, and adjusts the target price from $10.05 to $11.7.According to TipRanks data, the analyst has a success rate of 40
Kinross Gold Corp. Is Maintained at Outperform by National Bank
Kinross Gold Corp. Is Maintained at Outperform by National
Kinross Gold Corp. Price Target Raised to C$16.00/Share From C$13.75 by National Bank
Kinross Gold Corp. Price Target Raised to C$16.00/Share From C$13.75 by National
National Bank of Canada With Q2 Earnings Preview for Precious Metal Miners
National Bank has updated estimates across its precious metals universe ahead of Q2 2024 earnings and highlighted its conviction picks for the quarter, changes in targets and expected near-term
As the US dollar weakens, the prices of industrial metals rise.
London copper futures prices have recently slightly increased, mainly due to the dual impact of the weakening of the US dollar and the expected reduction in production of Chinese smelters.
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Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
The probability of interest rate cuts in September is 100%! International gold prices have soared to a new high. Analysts believe it will soon challenge $2500.
Will it continue to ramp up?