Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
This is the second time that the yellow metal has made a run at its record high.
There's one common thread underpinning this year's race to record highs in all three assets, one analyst said.
Gold may have stalled after hitting an all-time high of $3,500 in April, but UBS thinks this pause could set the stage for another leg higher. The recent consolidation has come amid a flurry of US economic data, shifting expectations for Federal Reserve policy, and fresh uncertainty around tariffs.
The gold market continues to see a lot of noisy trading, as the market has been bullish recently, but at this juncture, the market is also near a lot of downward pressure. This is a “buy on the dips” scenario.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jeff Gundlach has a ton of ideas about where to invest right now, and U.S. markets may be the least of those, he says.
John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on ‘ETF Edge' on how investors are turning to alternative assets like gold and private credit to get yield and where the sectors are set to go from here.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The gold market continues to see a lot of noisy trading, as the market is currently in the middle of a massive consolidation region. At this point in time, gold could be heading into a ‘cooling period', and we may have to trade it from a bullish/rangebound perspective.