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Franco-Nevada Analyst Ratings
Shares of Precious Metals Stocks Are Trading Lower as Global Markets Continue to Decline Following President Trump's Announcement of Sweeping Tariffs.The Sector Is Also Under Pressure Amid a Rise in the U.S. Dollar.
Express News | Franco-Nevada Corp : Raymond James Raises Target Price to $181.00 From $162.00
Express News | Franco-Nevada Corp : Jefferies Raises Target Price to $166 From $141
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
Gold Futures Close Lower Amid Price Correction, Tracking Comex Performance And US Tariff Exemption