{
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Oaktree Capital Management affiliates won a court case against minority investor Gary Marino, who, alongside JPMorgan Chase, sought to acquire a short-line railroad ultimately sold to Macquarie Group. A Delaware judge dismissed Marino's claims of unfair dealings, noting he could not prove damages or that he could have matched Macquarie's bid.
Morgan Stanley reports that Macquarie Group has achieved exceptional growth in deposits and mortgages, outperforming major Australian banks. The Commonwealth Bank of Australia has shown below-system growth in both areas, while Westpac has underperformed the market average. National Australia Bank exceeds industry benchmarks in household deposits but lags in mortgage growth, and ANZ matches the market in deposits but falls short in mortgages.
Gold prices have surged, with UBS raising its forecast to $3,200 per ounce amid ongoing trade tensions and market uncertainty. While gold has gained over 14% year-to-date, platinum has struggled, down 3.39%, as ETFs offload the metal. Analysts remain bullish on gold, citing strong demand and central bank purchases, despite potential risks from India's gold bond program and fluctuating investor sentiment in China.
Wells Fargo has initiated coverage of Independence Realty Trust (IRT) with an Overweight recommendation, projecting a 7.01% upside to an average price target of $22.40 per share. The company anticipates a 122.37% increase in annual revenue, reaching $1.424 billion, with a non-GAAP EPS of 0.48. Institutional ownership has risen, with 780 funds reporting positions, reflecting a bullish sentiment indicated by a put/call ratio of 0.79.
UBS has raised its gold price forecast to $3,200 per ounce by June, driven by increasing demand for safe-haven assets amid global trade tensions and economic uncertainty. The bank cites substantial inflows into gold-backed ETFs and robust central bank buying as key factors, alongside expectations of further interest rate cuts by the Federal Reserve. Other banks, including Macquarie Group and Goldman Sachs, have also upgraded their gold price outlooks, with projections reaching as high as $3,500 per ounce.
UBS has raised its gold price forecast to $3,200 per ounce, driven by increased demand for safe-haven assets amid global trade tensions and economic uncertainty. The bank anticipates this target could be reached within the next four quarters, supported by strong inflows into bullion-backed ETFs and central bank purchases exceeding 1,000 tonnes this year. Analysts from other major financial institutions also share a bullish outlook, with projections suggesting gold could rise even higher, reflecting ongoing geopolitical risks and economic slowdown fears.
Gold prices are on a strong upward trajectory, with UBS raising its price target to $3,200 per ounce, while Macquarie Group predicts a potential rise to $3,500 this year. The surge is attributed to increased investor and institutional demand for gold, driven by its lack of credit or counterparty risk.
UBS Group has raised its gold price forecast to $3,200 an ounce, anticipating increased demand for safe-haven assets amid global trade tensions. This adjustment follows gold's recent surge past $3,000, driven by factors such as US tariffs, strong ETF inflows, and central bank purchases, with expectations of over 1,000 tonnes by year-end. The bank also notes a deteriorating US economic outlook, prompting traders to expect further interest rate cuts.
Gold prices are experiencing upward revisions as retail investors increasingly invest in bullion-backed ETFs, with UBS forecasting a rise to $3,200 an ounce within a year. The precious metal has surged nearly 40% over the past year, driven by global trade tensions and central banks boosting their gold reserves. The SPDR Gold Trust (GLD) has gained 15% in the last 12 weeks, reflecting its status as a safe haven amid economic uncertainty.
UBS has raised its gold price target to $3,200 per ounce, citing a protracted global trade war and increasing safe-haven demand as key factors. The bank's analysts noted that the recent surge in gold prices, surpassing $3,000, is supported by strong ETF inflows and robust central bank purchases, which could reach around 1,000 metric tons annually. This shift in market dynamics reflects a growing reliance on gold as a store of value amid economic uncertainties.
Macquarie Group Ltd
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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