The Gold Sector in the U.S. stock market is rising, as of the time of writing, U.S. Gold Corp is up more than 2.3%.
According to Zhitong Finance, on Tuesday, the Gold Sector in the U.S. stock market is rising, as of the time of writing, Barrick Gold (GOLD.US) is up 0.7%, Harmony Gold Mining (HMY.US) is up 0.98%, Gold Fields (GFI.US) is up more than 1.4%, and U.S. Gold Corp (USAU.US) is up more than 2.3%. In terms of news, senior Commodity Analyst and CPM Group founder Jeffrey Christian expects that Gold prices will reach a historic high by the end of January next year: 'He speculated in a recent report to clients that Gold may remain stable for a few months and then rebound to a cyclical peak before 2026, which means that in the first year of Trump’s presidency, Gold will set multiple historical highs.'
At the same time, Citigroup also predicts that by mid-2025, Gold prices could reach $3,000, due to 'geopolitical heat' and demand for safe-haven assets.