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Stock impact report

Analyst who predicted gold rally sets shocking new price target [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
The precious metal is up more than 65% this year and has been retesting highs set near Halloween, gaining 7.5% in the last month to get within sniffing distance of $4,400 per ounce. Markets that achieve that kind of vertical lift — and gold prices as measured by SPDR Gold Shares ( GLD ) are up 33.7% annualized and roughly 140% cumulative over the last three years — nearly always have similarly scary pullbacks, so investors' gold nerves are on edge. And while gold has always been considered a hedge against rising prices and inflation has proven persistent and sticky, gold's recent rise appears to have little to do with inflation and more to do with geopolitical risk, tariff concerns, a weakened dollar, and more. Check out the annual outlooks from most major investment firms, and you see observers are still going for gold, suggesting buyers may not be late for the party. In fact, the manager of a new gold and crypto fund says that gold's rally is still in its early stages and w Show less Read more
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