Gold prices have been on a rollercoaster ride since last week, with investors selling off their gold holdings in the wake of the abating fears over the U.S. banking crisis.
Prices of the precious metal soared past the $2,000 level earlier this week, but fell 1.92% to $1,944 on Tuesday.
Despite market turbulence, analyst Gianni Di Poce believes that there is still upside potential for gold-exposed stocks, particularly Barrick Gold Corp (NYSE: GOLD).
Check out Benzinga's precious metals page.
The GOLD Analyst: Di Poce, in his weekly “Benzinga Pro Insider Report,” said he is bullish on Barrick Gold as long as shares stay above the $16 level, and set a price target of between $24 and $26 on ...Full story available on Benzinga.com
Benzinga
