Rising costs and hints of a double peak in the gold price is starting to rub the gloss off the goldmining boom. The combination of higher costs and the potential for a steep fall in the price of gold could be seen this week in the share price of Northern Star, Australia’s leading miner of
Micron Technology Inc_billboard-by Poetra_RH via Shutterstock Micron Technology (MU), a leading American semiconductor company, is gradually emerging as a key player in the high-stakes world of semiconductors. Recently, Micron reported solid fiscal third quarter results. Consequently, a Citi analyst raised the price target for the stock to $150 from $130, which reflects upside potential of
Gold bugs be warned. Your party is ending with only enough time left for a last round of drinks before the fun ends as the gold price heads for a 20% fall. That’s the latest forecast from Citi, an investment bank, with another bank, UBS, adding its note of caution about the outlook for gold
Australia has not escaped the threat of increased tariffs on its exports to the U.S., but it does have one world-class industry which is reveling in commodity market confusion, gold. Rising production coupled with a rising price has reinvigorated Australian gold which has reclaimed its position as the country’s fourth most valuable commodity export displacing
Three of the largest banks in the US say one of the year’s best performing assets still has more room to run to the upside. Starting with Bank of America, head of metals research Michael Widmer says that while the precious gold may witness a short-term pullback after hitting a new record high of $3,085,
Stock buybacks could counteract extended market declines, Citi said. The bank predicted $1 trillion in stock buybacks by 2025, up from 2024. Companies may shift spending from capital expenditures to buybacks amid Trump policy uncertainty. The stock market has a $1 trillion weapon to fight further price declines: stock buybacks. Analysts at Citi said in
Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks’ accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic
The Asian Infrastructure Investment Bank (AIIB) has issued a $300 million digital bond via a digitally native note (DNN), marking its first incursion into blockchain technology for finance. The Beijing-based AIIB’s attempt at digital bond forms is a cornerstone of its environmental sustainability project, with the development bank hinting at future issuances. The issuance taps