Bank of America has lowered its price forecasts for gold, silver and copper and cut price targets for several of its top precious metal stock picks.
The Analyst: Bank of America analyst Michael Jalonen lowered price targets for 18 precious metal stocks, including the following names:
The orderly selloff we’ve been having just got a bit disorderly. The markets started the week feeling like it was a Manic Monday with stock futures sharply lower on extended concerns regarding China’s real estate sector.
U.S. indices were trading lower Thursday as stocks continue September weakness. Initial jobless claims came in higher than expected, which has added to economic concerns while investors continue to weigh uncertainty related to the COVID-19 Delta variant and Fed tapering policy.