U.S. Stock Market News | Gold sector follows the market lower, Coeur Mining drops more than 10%
On Tuesday, the gold sector of the US stock market followed the overall market lower. As of the time of publication, Barrick Gold fell nearly 3.7%, Newmont Corporation dropped over 4%, and Coeur Mining plummeted over 10%. Goldman Sachs analyst Stephen Quinn stated in a report titled "Go for Gold" this week that the likelihood of gold prices rising in commodities is the highest, maintaining a target price of $2700 per ounce by early 2025. Based on the spot gold price on Tuesday, Goldman Sachs believes that there is over 8% upside potential for the gold price by early next year
According to the Zhitong Finance and Economics APP, on Tuesday, the gold sector of the US stock market followed the overall market lower. As of the time of publication, Barrick Gold (GOLD.US) fell by nearly 3.7%, US Gold Corporation (USAU.US) fell by over 4%, and Coeur Mining (CDE.US) fell by over 10%. Goldman Sachs analyst Stephen Quinn stated in a report titled "Go for Gold" this week that the possibility of gold prices rising is the highest among commodities, maintaining a target price of $2700 per ounce by early 2025. Based on the spot gold price on Tuesday, Goldman Sachs believes that by early next year, the price of gold still has over 8% upside potential