CEO Morning Brief
Phillip Capital Upgrades TradePlus Shariah Gold Tracker, Raises Target Price to RM3.24
edgeinvest
Publish date: Fri, 15 Dec 2023, 08:40 AM
KUALA LUMPUR (Dec 14): Phillip Capital has upgraded TradePlus Shariah Gold Tracker to “buy”, with a higher target price of RM3.24 (from RM2.97), and said the recent surge in gold price was mainly attributable to falling yields, dollar weakening and persistent buying by central banks.
In its morning toast note on Thursday, the research house said it anticipates gold to surpass the key resistance at US$2,032.
Source: TheEdge - 15 Dec 2023
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