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.

Analysts NotebookJul 12 11:23 ET

Jefferies Adjusts Wheaton Precious Metals' PT to $67 From $62, Keeps Buy Rating

Wheaton Precious Metals (WPM) has an average rating of buy and price targets ranging from $60 to $80, according to analysts polled by Capital IQ.Price: 59.28, Change: -0.01, Percent Change: -0.02

MT NewswiresJul 12 11:05 ET

Express News | Jefferies Maintains Buy on Wheaton Precious Metals, Raises Price Target to $67

BenzingaJul 12 10:56 ET

Express News | Wheaton Precious Metals Corp : Jefferies Raises Target Price to $67 From $62

ReutersJul 12 02:30 ET

Wheaton Precious Metals Corp Price Target Raised to C$95.00/Share From C$85.00 by Eight Capital

Wheaton Precious Metals Corp Price Target Raised to C$95.00/Share From C$85.00 by Eight

Dow JonesJul 11 12:28 ET

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.

FXStreetJul 11 11:31 ET