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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.
CIBC Maintains New Gold(NGD.US) With Buy Rating, Raises Target Price to $3.4
CIBC analyst Anita Soni maintains $New Gold(NGD.US)$ with a buy rating, and adjusts the target price from $2.2 to $3.4.According to TipRanks data, the analyst has a success rate of 49.4% and a total
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.
Express News | CIBC Maintains Outperformer on New Gold, Raises Price Target to $3.4
New Gold Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 42.86% CIBC $3 → $3.4 Maintains Outperformer 06/03/2024 26.05% CIBC $2.1 → $3 Upgrades
Express News | New Gold Inc : CIBC Raises Target Price to $3.4 From $3