U.S. Stock Market News | Gold sector follows the market lower, Coeur Mining drops more than 10%
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On Tuesday, the gold sector of the US stock market followed the overall market lower. As of the time of publication, Barrick Gold fell nearly 3.7%, Newmont Corporation dropped over 4%, and Coeur Mining plummeted over 10%. Goldman Sachs analyst Stephen Quinn stated in a report titled "Go for Gold" this week that the likelihood of gold prices rising in commodities is the highest, maintaining a target price of $2700 per ounce by early 2025. Based on the spot gold price on Tuesday, Goldman Sachs believes that there is over 8% upside potential for the gold price by early next year
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