The precious metal has recently been in a sweet spot and is now benefiting from the election.
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.
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.
j.P. Morgan's Natasha Kaneva sees a big impact on commodities should a Red Wave sweep this fall.
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 gold market initially rallied during the early hours of Wednesday, as the market has seen a lot of upward pressure over the last few days. However, in the European session, we have seen a little bit of a pullback.
Gold hits record high as Fed rate cut expectations grow. Bullish outlook driven by dovish Fed comments, dollar weakness, and safe-haven demand.
Gold (XAU) reached a record high of $2,482, but a correction may be imminent amid profit-taking and a risk-on market sentiment.
Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September On Monday, Fed Chair Jerome Powell said the Fed won't wait for inflation to reach the central bank's 2% target before it begins cutting.
Following a bullish crossover, gold hit a new record high of 2,467, with higher targets now in focus.