1. U.S. stock futures trod water on Tuesday, hitting pause on a record-setting rally as focus turned to the day’s stream of earnings for insight into the health of Corporate America and the economy. Stocks have bounced out of their early January slump in recent days as investors increasingly embrace the idea the Federal Reserve…
According to some analysts, the gold market is still caught in a tug-of-war as investors try to anticipate the Federal Reserve’s next move.
The gold market is not seeing much reaction to the latest employment data as prices recover from Wednesday’s sharp selloff.
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.
Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night.
The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978 when it jumped 11.7%.
The kooks were indeed right. Those that called for higher prices -higher than what most mainstream investors would believe- were proven correct.
After rebounding in Q2, the gold price succumbed to the pressure of sharply rising Treasury yields in Q3, when the Fed began talking about tapering asset purchases
The most likely scenario for the second half of 2021 is one where gold continues to offer a meaningful and necessary hedge, along with the distinct possibility of yet another set of record high prices.
As we move into the final quarter of this tumultuous year, gold is increasingly likely to serve as a hedge of absolute necessity…
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