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China's market lags behind! A great frenzy sweeps the global markets: just waiting for CPI to boost the mood, the moment for gold to break its position is approaching
On Thursday (July 11), global stock markets reached a historic high as traders awaited the upcoming release of the US CPI inflation data, which is expected to show a moderation in inflation, paving the way for the highly anticipated cycle of rate cuts by the Federal Reserve starting as early as September.
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.
New Gold Price Target Raised to $3.40/Share From $3.00 by CIBC
New Gold Price Target Raised to $3.40/Share From $3.00 by
New Gold Is Maintained at Outperformer by CIBC
New Gold Is Maintained at Outperformer by
CIBC Maintains Outperformer on New Gold, Raises Price Target to $3.4
CIBC analyst Anita Soni maintains New Gold (AMEX:NGD) with a Outperformer and raises the price target from $3 to $3.4.
New Gold Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 42.86% CIBC $3 → $3.4 Maintains Outperformer 06/03/2024 26.05% CIBC $2.1 → $3 Upgrades