Following a sharp fall post Trump's election as US president, Gold has posted a solid rebound.has rebounded strongly, marking a peak of over $2760 early this Thursday morning, up 7.6% in less than a month.The impact on the yellow metal has been all the greater as the dollar has also risen thanks to Trump, due to the influx of foreign capital into US markets, and because the market fears that some of his policies will lead the Fed to slow the pace of rate cuts.
It's also important to remember that gold purchases by central banks have played a key role in the yellow metal's rise this year, a trend that shows no sign of slowing down since 2022 after the restrictions imposed by the USA on Russia triggered a race to diversify reserves. So we set out to find the best opportunities in the sector. To do so, we've compiled the 5 biggest gold stocks by capitalization into an InvestingPro watchlist.
Barrick Gold therefore has an upside potential of 19.3% according to InvestingPro Fair Value, and 27.6% according to analysts.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »