Jefferies sees metals breakout on currency concerns
Jefferies issued a research note highlighting concerns about currency debasement and the US fiscal situation, suggesting mining shares could serve as a hedge against these risks. The firm pointed to recent price movements in gold and cryptocurrency as early indicators, stating it would not be surprised if copper and other industrial metals follow suit. Jefferies ...
Jefferies has issued a research note highlighting concerns about currency debasement and the US fiscal situation, suggesting that mining shares could serve as a hedge against these risks. The firm has initiated coverage on several Canadian-listed copper and gold miners, including Faraday, Trekor, IAG, EGO, HL, and LUNR, with buy ratings, indicating a potential breakout in metals prices due to these underlying concerns.
Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Jefferies sees metals breakout on currency concerns investing.com
