Gold and Silver Price Predictions: Analysts expect gold and silver prices to reach new record highs, but Avi Gilburt warns that a multi-year correction may begin as early as next year, indicating the current rally could be nearing its end.
Market Influences: Recent U.S. unemployment figures and flat retail sales have created uncertainty about the Federal Reserve's potential interest rate cuts, which could impact the demand for precious metals as safe-haven assets.
Current Market Performance: Gold and silver futures ended slightly lower, with gold closing at $4,304.50/oz and silver at $62.70/oz, marking the third-highest settlement values for both metals this year.
Upcoming Economic Indicators: Investors are awaiting the release of November's Consumer Price Index and Personal Consumption Expenditures index, which could further influence market trends and investor sentiment.
Wall Street analysts forecast GDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast GDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 101.290
Low
Averages
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Current: 101.290
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
