UBS Adjusts Price Target on Wheaton Precious Metals
UBS has revised its price target for Wheaton Precious Metals to $155 from $160 while maintaining a Buy rating.
Economy · News reference
Shares of precious metal-related companies are trading lower as gold and silver fall after Federal Reserve Chairman Warsh's comments on inflation and prices, raising rate-hike concerns. The commodity is also under pressure after Treasury Secretary Bessent's letter suggested the Treasury exchanged existing Exchange Stabilization Fund foreign-currency assets for Yen, which contributed to a spike in the dollar value.
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