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Stock impact report

Commodity Roundup: Oil faces big weekly loss; BMI ups 2024 gold price forecast Sep. 27, 2024 6:10 AM ET By: Arundhati Sarkar , SA News Editor [Seeking Alpha]

Chemours Company (The) (CC) 
Last chemours company (the) earnings: 2/13 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Oil prices, on the other hand, faced a weekly loss as prospects of oversupply weighed on the market. Gold continues to scale new highs, as traders digest data and remarks from policymakers, with prices up ~2% this week, while focus also rema awaiting a slew of key economic readings that may offer clues on the scope of further easing by the Federal Reserve. Bullion's nearly 30% rally this year has also been supported by robust purchasing by central banks and haven demand amid ongoing conflicts in the Middle East and Ukraine. Brokerage BMI revising up its 2024 gold price forecast from $2,250/oz to $2,375/oz, expecting prices to trade within the range of $2,500/oz-$2,800/oz in the coming months. This marks a departure from the $1,943/oz average seen in 2023. BMI analysts said they are now "neutral to bullish towards gold for Q4 2024 - Q1 2025, as prices receive support from the U.S. Fed's rate cuts and high levels of geopolitical tension." "That said, we note some downside risk Show less Read more
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