Platinum Group Metals Ltd. press release
Saxo Bank Foresees Further Bullish Movement for Gold This Year
TSX - Toronto Stock Exchange · Platinum · Palladium · Rhodium · Gold · Copper · Nickel · Canada
After the price of gold climbed to historic levels during the first half of this year and has since been trading sideways for several weeks in a row, many investors could be wondering whether the bull run has now completed its course and they should take their profits before a trend reversal occurs. Saxo Bank thinks the horizontal price movement is just a pause and there is plenty of room for additional upward movement.
Saxo Bank’s outlook may change if gold drops to below $2, 945 an ounce, a price it surpassed in October 2023. As things stand, conditions look primed for entities like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM)to attract more investment and deliver shareholder value given the...
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