Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.
Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.
Wheaton Precious Metals Corp. Price Target Raised to $66.00/Share From $64.00 by Berenberg
Wheaton Precious Metals Corp. Price Target Raised to $66.00/Share From $64.00 by Berenberg
Express News | Wheaton Precious Metals Corp : Berenberg Raises Target Price to $66 From $64
Wheaton Precious Metals Is Maintained at Buy by B of A Securities
Wheaton Precious Metals Is Maintained at Buy by B of A Securities
Express News | B of A Securities Maintains Buy on Wheaton Precious Metals, Raises Price Target to $61
Wheaton Precious Metals Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/26/2024 14.83% B of A Securities $60 → $61 Maintains Buy 05/23/2024 25.19% Scotiabank $59 → $66.5 Maint
Investors in Wheaton Precious Metals (TSE:WPM) Have Seen Strong Returns of 148% Over the Past Five Years
Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.
Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.
Gold Prices Set To Climb To $3,000 On Fed Rate Cuts, Geopolitical Tensions, Bank of America Says
Gold prices could skyrocket to $3,000 per ounce within the next 12 to 18 months, according to Bank of America's latest analysis.
Delivery concerns reoccur! The near-month copper price differential is once again on the rise.
Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.
Express News | Vista Gold Corp. Announces Receipt Of $10M Final Instalment Payment Under Wheaton Precious Metals Royalty, In Relation To Company's Mt Todd Gold Project Located In Northern Territory, Australia
Vista Gold Brief: Announcing Receipt of the US$10 Million Final Instalment Payment Under Wheaton Precious Metals Royalty
06:45 AM EDT, 06/21/2024 (MT Newswires) -- Vista Gold Brief: Announcing Receipt of the US$10 Million Final Instalment Payment Under Wheaton Precious Metals Royalty
Express News | Vista Gold Corp. Announces Receipt of the $10 Million Final Instalment Payment Under Wheaton Precious Metals Royalty
Gold Price Stands Tall Near Two-week High Amid Rising Fed Rate Cut Bets
Gold price consolidates the previous day’s strong move up to a two-week high.
Goldman Sachs: Buy some gold after US election.
Goldman Sachs pointed out that holding long positions in gold has significant value and can hedge against inflation and geopolitical risks that may arise from post-election tariffs, subordinate risks from the Federal Reserve, and rising US debt.
$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today
Wheaton Precious Metals (NYSE:WPM) has outperformed the market over the past 5 years by 2.93% on an annualized basis producing an average annual return of 16.18%. Currently, Wheaton Precious Metals ha
Vista Gold Brief: Maria Vallejo Garcia Has Joined the Company as Director, Projects and Technical Services
06:46 AM EDT, 06/18/2024 (MT Newswires) -- Vista Gold Brief: Maria Vallejo Garcia has joined the Company as Director, Projects and Technical Services
How to invest in silver? Bank of America recommends these two stocks.
Although investing in silver alone is relatively rare among stock investors, Bank of America analyst Michael Widmer recommended two stocks on Wednesday that may continue to benefit from the rise in silver prices.
Buy Wheaton Precious Metals, Pan American to Ride Silver Rally, BofA Analyst Says
Buy These Stocks to Profit From Silver's Rally, BofA Says
By Tomi Kilgore While 'pure play' silver exposure is hard to find, there are a couple stocks analyst Michael Widmer recommended buying While it's hard to find stocks that offer "pure play" exposure