Basic Materials
What Are the Top Cyclical Stocks to Play the Sector Rotation Story?
Should You Buy Gold Before the U.S. Elections?
Devon Energy Agrees to Buy WPX, Stocks Surge
Cleveland-Cliffs to Buy ArcelorMittal, Stock Rises
Gold Hits a Record — Investing Tips and Tricks
Is Barrick Gold Stock a ‘Buy’ amid Economic Turmoil?
Barrick Gold (NYSE:GOLD) stock has risen 39.3% year-to-date. Gold prices have been strong amid the economic turmoil and stock market crash.
Goldman Sachs Ups Gold Price Forecasts: Rally to Resume?
Goldman Sachs upped its gold price forecasts. The bank lifted its three, six, and 12-month target prices to $1,800, $1,900, and $2,000 per ounce.
US Steel Stocks: Bleak Guidance Masks Infrastructure Push
Earlier this week, US steel stocks rose sharply amid reports that the Trump administration is weighing a $1 trillion infrastructure stimulus plan.
Goldman Sachs and Gundlach See Upside in Gold Prices
Gundlach is bullish on gold. He expects the metal to reach new highs. His bullishness for gold also stems from his bearishness for the US dollar.
Gold’s Undervaluation Relative to Stocks: More Upside?
The WGC released a report on gold ETF flows on June 4. The gold-backed ETFs added 154 tons of across all of the regions in May.
U.S. Steel: Past Success, Current Scenario, and Uncertain Future
U.S. Steel Corporation (NYSE:X) was 27th among global steel producers last year. The company’s rank has slipped gradually over the years.
For US Steel Stocks, China Is a Ray of Hope This Year
In 2020, China is a ray of hope for the global steel industry. China has recovered fast from the pandemic. The recovery has been V-shaped.
Gold Prices Soar: Which Stocks Do Analysts Favor?
Kirkland Lake is first among analysts’ favorite gold stocks with 91% “buy” and 9% “hold” ratings. The target price implies a potential upside of 16%.
US Steel Industry Pins Hopes on Auto Plant Restarts
US steel demand has fallen sharply due to the COVID-19 pandemic. The automotive sector will start resuming operations, which should support demand.
Analysts Have Different Views on US Steel Stocks in May
UBS is bearish on US steel stocks. Last week, UBS lowered Steel Dynamic’s target price from $43 to $32 and Nucor’s target price from $56 to $39.
Gold Prices: Undervaluation, Smart Money Piles Up
Since March, gold prices are on a tear due to uncertainty surrounding COVID-19. The SPDR Gold Shares has seen gains of 16.2% since March 18.
US Steel Companies: Price Hikes amid COVID-19
U.S. Steel Corporation, Nucor, and ArcelorMittal announced a price hike earlier this month. US steel prices fell to multiyear lows amid COVID-19.
US Steel Industry Craves Another Tariff Reprieve
While the US slapped tariffs on imports on several key product categories, the US steel industry’s fortunes haven’t really revived.
Weekly Update: Will the Upside Stay Intact in Gold Prices?
In 2020, gold prices have been shining due to turmoil in the equity market. The S&P 500 Index (NYSEARCA:SPY) has fallen by 12.4% on a YTD basis.