1. People invest in gold for many different reasons. Many do so out of concern over economic, monetary, or political uncertainty. Others seek a hedge against inflation, a way to protect and preserve the real purchasing power of their savings. There are also those who simply seek some peace of mind, a dependable insurance asset,…
Along with gold’s safe-haven appeal, analysts warn investors to watch Asia’s insatiable appetite for the precious metal.
Gold and silver prices are higher in midday U.S. trading Thursday, on corrective rebounds following recent selling pressure and after a U.S. retail sales report that was weaker than expected.
The gold market is struggling to find some bullish momentum after the U.S. central bank significantly pushed back on expectations of an aggressive easing cycle kicking off in March.
Gold and other precious metals are increasingly becoming a mainstream choice for investors looking to diversify their portfolios and hedge against inflation.
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’s upward trend above $2,000 per ounce is prompting calls for a rally to a new all-time high.
Volatility should be expected to remain high as investors will be closely watching for hints on upcoming monetary policy direction.
The final trading week of the month kicked off with stocks sliding on Monday, setting investors up for a losing month where much of the optimism of the early summer has fizzled into more tempered expectations of the Fed’s tightening campaign.
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