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.
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
Express News | Jefferies Maintains Buy on Wheaton Precious Metals, Raises Price Target to $67
Express News | Wheaton Precious Metals Corp : Jefferies Raises Target Price to $67 From $62
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
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.
Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month
Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the
CIBC Maintains Wheaton Precious Metals(WPM.US) With Buy Rating, Raises Target Price to $80
CIBC analyst Cosmos Chiu maintains $Wheaton Precious Metals(WPM.US)$ with a buy rating, and adjusts the target price from $75 to $80.According to TipRanks data, the analyst has a success rate of 50.2%
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 Wheaton Precious Metals, Raises Price Target to $80
Wheaton Precious Metals Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 37.15% CIBC $75 → $80 Maintains Outperformer 06/26/2024 4.58% B of A Securities $60 → $61
Newmont Upgraded at CIBC, Reflecting Status as S&P 500's Only Gold Producer
Gold Price Resumes Uptrend, US CPI in Focus
Gold surges amid growing expectations of Fed rate cuts in September.
Express News | Shares of Silver Companies Are Trading Higher Amid a Rise in the Price of Silver. Stocks in the Sector May Also Be up in Sympathy With Gatos, Which Rose After Reporting Producition Results
RBC With Precious Metals Q2 2024 Earnings Preview; 1st of 4 Parts, RBC's View
Precious metal producers are expected to report financial improvements in the second quarter from the prior quarter, RBC Capital Markets said in a Wednesday note.RBC said the projected growth will
Express News | Wheaton Precious Metals Corp : CIBC Raises Target Price to $80 From $75
Gold Price Inches Higher as Powell Signals Patience
Gold prices rise above $2,360 after Powell’s Senate testimony indicates a cautious approach to rate cuts.
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.
Express News | Integra Resources Corp. Receives Final Cash Installment Of $4.875M In Connection With Royalty Transaction Between DeLamar Mining Company And Wheaton Precious Metals
Integra Resources Brief: Announcing Receipt of Final Cash Installment of US$4.875 From Wheaton Precious Metals In Connection With Delamar Royalty Sale
04:09 PM EDT, 07/08/2024 (MT Newswires) -- Integra Resources Brief: Announcing Receipt of Final Cash Installment of US$4.875 From Wheaton Precious Metals In Connection With Delamar Royalty Sale