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New Gold Newsroom
Express News | New Gold Inc : TD Cowen Raises Target Price to $2.25 From $2
Record Gold Prices Are in a 'Different World' Than Silver and Copper. Here's Why.
Gold's rise to fresh record highs this month has left both silver and copper in the dust, with the yellow metal rising to its own tune, buoyed by its use as a hedge against inflation and by central-bank purchases, but also offering hints on the prospects for the industrial metals.
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.
National Bank Maintains New Gold(NGD.US) With Buy Rating, Raises Target Price to $2.92
National Bank analyst Mike Parkin maintains $New Gold(NGD.US)$ with a buy rating, and adjusts the target price from $2.56 to $2.92.According to TipRanks data, the analyst has a success rate of 40.6%
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.
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.
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
MetalsFocus: The US dollar is expected to continue to remain strong, and precious metals prices may retreat moderately during the summer.
MetalsFocus pointed out that due to the interest rate differential still benefiting the US dollar, the US dollar is expected to continue to remain strong in the near future. In addition, considering the relatively fast rise in precious metal prices over the past three months, precious metal prices may experience a moderate pullback during the summer.
Ubs Group: Gold still has room for growth, but silver will perform better.
With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.
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
NEW GOLD PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2024 RESULTS AND CONFERENCE CALL
TORONTO, July 9, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is providing notice that it will...
Gold prices fell after investors took profit, ING said the gold rally will continue until the end of the year.
USA gold futures fell sharply on Monday as investors took profits. Last week, the price of gold rose sharply on expectations that the Federal Reserve might lower interest rates in September.
Precious Metals Continue to Grow – TDS
Precious metals continued to perform well in a holiday-shortened week, TD Securities Senior Commodity Strategist Ryan McKay notes.
Silver Price Analysis: Silver Probably Rising in C Leg of Measured Move
Silver (XAG/USD) has decisively broken out of the descending channel it was in during the second half of May and June.