Alex Coffey tells investors to watch for dip-buying activity in A.I. names, especially Nvidia (NVDA) as it faces macro pressures.
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.
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.
Gold's steady rise suggests it's becoming the fallback asset of choice, with other havens failing to deliver as they once would. After breaking through the psychological barrier of $3,000, momentum has only increased.
The gold price surged to a new high above $3,300 on Wednesday as financial markets moved money out of riskier assets as US-China trade tension showed little sign of easing. Gold notched a new record just above $3,317 per troy ounce, up from just below $3,220 overnight and $3,050 a week ago.
Gold surges to record levels, while silver approaches the pivotal resistance of $32.50 and looks set to advance as the US dollar continues to remain under bearish pressure.
Gold rose in the early Asian session amid likely safe-haven demand.
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.
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.
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.