Global Economy
Wells Fargo downgrades S&P 500 Tech to Neutral from Favourable; upgrades Industrials sector to Favourable from Neutral
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Wells Fargo downgraded S&P 500 Tech, upgraded Industrials, lowered its 2027 year-end gold target, and raised its 2027 10-year US Treasury yield projection.
News detail
Cut Gold's 2027 year-end target range to USD 5,200-5,400/oz (prev. USD 5,400-5,600/oz). Forecasts 10-year US Treasury yield at 5.25%-5.75% by 2027-end (prev. 4.50%-5.00%).
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