Trump Re-Election Jolts Metals Market As Gold Sees A 'Stumble, Not A Sea Change'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Benzinga
Metals Market Outlook: Following Donald Trump's re-election, the metals market is experiencing volatility, with analysts from JPMorgan predicting gold will remain strong despite short-term dips, while base metals may face challenges due to tariff tensions and potential yuan depreciation.
Aluminum's Resilience: Aluminum is expected to perform better than other base metals due to supply issues in the bauxite market, while gold is projected to benefit from inflationary pressures and could reach $2,850 per ounce by late 2025.
Analyst Views on CPER
Wall Street analysts forecast CPER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPER 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.
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Current: 35.680
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Current: 35.680
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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.
