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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (74954)	1/17/2020 10:02:22 AM
From: kidl	Read Replies (1) \| Respond to of 202707

AGI ... The Globe and Mail reports in its Friday edition that Credit Suisse analyst Fahad Tariq expects gold prices to "perform well" in 2020. The Globe's David Leeder writes that Mr. Tariq expects prices to $1,540 (U.S.) per ounce with a peak of $1,560 (U.S.) in the first half of the year following by a gradual fall to $1,525 (U.S.) by year-end. Mr. Tariq says in a note: "Despite some near-term optimism on equities and economic conditions, we generally expect a risk-off skew in 2020 amid continued uncertainty on the U.S.-China trade war, Brexit, and lingering fears of a global economic slowdown/recession, for which we are seeing clearer signs in Europe and Asia but less so in the U.S. This uncertainty is leading to most central banks around the world cutting rates, which is supportive of gold prices. In the U.S., the Fed has indicated a pause in rate cuts, but this stance could change quickly, as we saw last year, if economic fundamentals weaken. It is worth highlighting that what really moves gold equities is the commodity price, followed by company-specific factors." Mr. Tariq cut Alamos Gold to "neutral" from "outperform" with a share target of $7.50 (U.S.), falling from $10 (U.S.), 62 U.S. cents above the consensus. © 2020 Canjex Publishing Ltd.