As previously reported, Northland analyst Greg Gibas upgraded Gold.com (GOLD) to Outperform from Market Perform with a price target of $57, up from $30. The firm, which likes the increased demand and volatility in gold and silver markets, expects the stock’s momentum to continue. The firm sees growing geopolitical tensions and economic uncertainty supporting demand, expects increased interest in silver to support higher premiums and likes the agreement with Tether, the analyst added.
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