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home / news releases / ABX:CC - Barrick Gold: Gold Prices Near Record Highs Big EPS Growth Expected

ABX:CC - Barrick Gold: Gold Prices Near Record Highs Big EPS Growth Expected

Barrick Gold Corporation

2024-07-13 03:58:29 ET

Summary

  • Barrick Gold shares jumped after the US CPI report amid rising gold prices.
  • Gold is in a strong bull market, very close to all-time highs as it keeps pace with the strong-performing S&P 500.
  • Ahead of Barrick's earnings next month, I highlight key risks and note spots to watch on the chart.

Barrick Gold ( GOLD ) has been a beneficiary of recent economic data. Gold prices soared following the softer-than-expected June CPI report. Lower interest rates and a weaker dollar were key bullish culprits, but the move should not come as a shock to macro investors. ...

For further details see:

Barrick Gold: Gold Prices Near Record Highs, Big EPS Growth Expected
Stock Information
Company Name: Barrick Gold Corporation
Stock Symbol: ABX:CC
Market: TSXC
Website: barrick.com
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