β#InsiderTime #Gold #Fedβ
π Insider time: the optimal moment for gold
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Demand for gold is growing steadily on expectations of the Fed interest rate correction, active purchases by central banks, and growing interest in the safe-haven asset due to increased geopolitical tensions in the Middle East. The price of December futures on CME updated the record, rising above $2572.3 per troy ounce.
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All factors, thanks to which gold has already grown by 20% since the beginning of the year, remain relevant. Besides, volatility related to political games in the USA came to the market. As a reminder, judging by the price history, the move to lower rates is the best time for gold, and the
Fed will start cutting rates as early as next week.
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Bank of America (NYSE: BAC) recently forecast that gold could reach $3,000 over the next 12-18 months, citing rising inflows into gold-backed ETFs and other bullish drivers. Meanwhile, Goldman Sachs (NYSE: GS) has set a target of "only" $2700 per ounce by the end of 2025.
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It makes sense that stock market investors are paying attention to gold stocks. If you're not ready for short-term speculative trades, these stocks may be your favorites.
β’ Freeport-McMoran Copper & Gold Inc (NYSE: FCX) - forecast +29.80%, with a first target of $55, followed by $60-61.50.
β’ AngloGold Ashanti Ltd ADR (NYSE: AU) - forecast +21.50%, first target $30, followed by $33.50-35.
β’ Newmont Goldcorp Corp (NYSE: NEM) - forecast +22.80%, first target $55-57.50, followed by $63.50-65.
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We suggest paying attention to two other stocks that are not too active right now but also have serious upside potential:
β’ Agnico Eagle Mines Limited (NYSE: AEM) - forecast +23.80%, first target $96.50, followed by $101-102.50.
β’ Southern Copper Corporation (NYSE: SCCO) - forecast +15.50%, first target $107.50, follow through $112.70-114.
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Are you betting on gold to rise? And how do you intend to make money?
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Profits to yβall!