With market concentration concerns rising, investors are hunting for "diversification without sacrificing growth." Enter gold – the precious metal that has already smashed past $3,000 per ounce and could be heading even higher.
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.
The price of gold powered above $3,000 overnight and continued surging to new records on Tuesday morning to power past $3,025. Renewed tensions in the Middle East were cited by traders as the reason for the new round of buying, with military strikes re-started in Gaza and following US strikes on Houthi rebels over the weekend.
Hang Seng Index jumps as OECD raises China growth forecasts. Nikkei 225 rallies as a weaker yen boosts exporters.
Gold was trading steadily in the early Asian trade with the market continuing to show a strong appetite for safe-haven assets.
As gold (GC=F) prices hover near record highs, many investors consider gold a safe haven amid a slowing economy. Chris Mancini, associate portfolio manager at the Gabelli Gold Fund, joins Market Domination host Julie Hyman and BD8 Capital Partners CEO and CIO Barbara Doran to discuss his outlook on gold prices and gold's role geopolitically and in the US economy.
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.
Gold (GC=F) has risen about 15% so far this year. If you want to know what lies ahead for the precious metal, watch what happens at Wednesday's FOMC meeting, says Bob Iaccino, Path Trading Partners chief market strategist and co-host of The Futures Edge podcast.
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.