Gold and Silver Hit Record Highs as Investors Reassess Fed Independence Amid Political Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Gold Price Surge: Gold prices jumped 2.5% to $4,620 per ounce, setting a new all-time high, reflecting heightened investor concerns over the Federal Reserve's independence, which has driven capital into precious metals as a risk hedge.
- Silver Price Rally: Silver soared over 7% to $86 per ounce, extending its 12-month rally to over 190%, indicating strong market demand for precious metals, which could enhance profitability for related companies.
- Weak Financial Stocks: Financial stocks underperformed as Trump proposed capping credit card interest rates at 10%, with Capital One Financial tumbling 6.6%, highlighting the negative impact of policy risks on the financial sector and potentially affecting investor confidence.
- Cautious Market Reaction: Major stock indices on Wall Street showed timid gains as the market adopted a wait-and-see stance ahead of upcoming macro data and earnings reports, indicating investor sensitivity to economic data and uncertainty that may influence short-term market trends.
Analyst Views on AXP
Wall Street analysts forecast AXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXP is 373.63 USD with a low forecast of 280.00 USD and a high forecast of 425.00 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.
21 Analyst Rating
7 Buy
13 Hold
1 Sell
Moderate Buy
Current: 359.610
Low
280.00
Averages
373.63
High
425.00
Current: 359.610
Low
280.00
Averages
373.63
High
425.00
About AXP
American Express Company is a globally integrated payments company with card-issuing, merchant-acquiring and card network businesses. It offers products and services to a range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. Its segments include U.S. Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS) and Global Merchant and Network Services (GMNS). USCS offers travel and lifestyle services as well as banking and non-card financing products. CS offers payment and expense management, banking and non-card financing products. ICS provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and its loyalty coalition business. GMNS operates a payments network that processes and settles card transactions, acquires merchants and provides multichannel marketing programs and capabilities, services and data analytics.
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.
