Natural Resources - Mining & CommoditiesEmail
Panmure Gordon’s latest research report about gold, The Quarterly Nugget, warns that there is now a cautious outlook for gold for the near term, compared to a positive stance in Q1.
The downgrade is due to Panmure Gordon’s proprietary five-factor model used by Kieron Hodgson, Commodities analyst, and Simon French, Chief Economist, which has three of five factors indicating a negative outlook for gold. That’s down from four positive factors in Q1.
The five factors are:
The report also discussed four gold related companies. Fresnillo was initiated with a Hold. Other recommendations include Acacia (Hold), Centamin (Buy) and Polymetal International (Buy).
For more information, please contact Kieron Hodgson or Simon French.