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Gold Tops $2400 Amid Rate-Cut Hope: Is the Bull Run Over?
The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September.
Southern Copper Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/12/2024 4.35% UBS → $120 Initiates Coverage On → Neutral 06/21/2024 -13.04% Morgan Stanley $81.7 → $100
AU Evening Wrap: Australia Shares Rise 0.9%, Closing at Record Level
Australia shares rise 0.9%, closing at record level.
AU Morning Wrap: Australia Shares Hit Record High; BHP Falls
Australia shares hit record high; BHP falls. Stocks to watch: BHP, Rio Tinto, NAB.
Newmont, Eastman Chemical Among Top Quant Picks in Materials as Earnings Loom
Here's How Much You Would Have Made Owning Freeport-McMoRan Stock In The Last 5 Years
Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 22.62% on an annualized basis producing an average annual return of 35.9%. Currently, Freeport-McMoRan has a market