Gold has been on a wild ride this year. Spot gold (GCY00) hit new all-time highs in late May, peaking at $2,449 amid substantial central bank purchases, notably from China, geopolitical tensions, and uncertainty over Federal Reserve monetary policy. However, gold futures (GCQ24) have since pulled back from those highs, providing an opportunity to buy the dip.
Against this backdrop, South African gold mining company Gold Fields Limited (GFI) is starting to win over analysts - most recently, with BMO Capital's upgrade from “Underperform” to “Market Perform.” Let's take a closer look.
