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Recent gold futures have seen the largest drop in four years, but analysts say that Trump's tariff threats could boost the outlook for gold prices.
Gold futures prices closed flat in New York on Tuesday, with the near-month gold futures seeing the largest drop in four years.
Newmont Sells Mine For $795 Million, Barrick Expands Reserves; Top Miners Unfazed By Underperformance
Gold volatility intensifies, analysts no longer unanimously call! Are the bulls showing signs of exhaustion?
The volatility of gold has increased, and analysts, even while remaining optimistic about the call, have quietly lowered next year’s target price. Moreover, some strategists have stated that gold prices may have already peaked in the short term.
The Middle East tension cooled down, with the gold price experiencing the largest drop in four years, yet Wall Street remains bullish on the future performance.
As the ceasefire agreement between Israel and Hezbollah approaches, the gold price hit the largest drop in four years.
Newmont Analyst Ratings
US media reports that Israel and Lebanon have reached a ceasefire agreement! Gold and crude oil product plummet.
Gold seems to have quite a few bearish factors this week...