
Gold rose to its highest level in 10 weeks on Wednesday, following a Treasury-market intervention that sent long-term yields and the dollar lower. Spot gold increased by 3.5% to $4,486.88 per ounce at 10:35 EDT, after reaching an earlier high of $4,491.16, its strongest since June 4.
Gold broke to a 10-week high. Mining shares moved almost three times as much, turning a rates rally into an operating-leverage trade.
| Miner | Buy | Hold | Sell | Avg target | Upside |
|---|---|---|---|---|---|
| Newmont | 20 | 2 | 1 | $129.27 | 2.8% |
| Agnico Eagle | 18 | 3 | 1 | $214.98 | 4.8% |
| Barrick | 18 | 4 | 0 | $52.46 | 16.1% |
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