Gold Gets Crushed By Rising Rates, Trades Like A Bitcoin
Gold recently broke out to new all-time highs but the uptrend was broken after the strong May labor report, as the expectations of a pre-mature Fed cut evaporated. Higher interest rates over the near term, as the market prices a "higher-for-longer" policy, are likely to cause the price of Gold to continue to fall over the near term. Gold's price movements seem to be following Bitcoin, indicating a speculative environment and lack of fundamental reasons for Gold's breakout.
Gold and Gold-Related Stocks Slump as Hot US Jobs Data Dampens Rate-Cut Hopes
The price of gold took a hit on Friday, falling more than 3%, after U.S. payrolls data came in stronger than expected. News of the labor market strength pushed back traders' expectations of when the Federal Reserve could move to cut rates, sending bond yields higher and making them more attractive to investors.
As 2024 Midpoint Nears, What's Next For Stocks, Metals, Options?
We're almost halfway through the year. So, where do things stand with stocks, precious metals, and the options markets?
Sector ETFs to Profit as Rate Cut Bets Rise
Rate cut bets ramped up again. We have highlighted ETFs from sectors that are set to explode on lower rates.
Deep Dive With State Street's Gold Guru
Gold prices have been on a tear, with the precious metal naturally proving a hot topic during last week's Alternatives Symposium.
3 Precious Metals Stocks to Own as the U.S. Dollar Declines
As the U.S. dollar experiences a gradual decline in purchasing power, investors are increasingly turning to precious metals stocks as a safe haven. Precious metals, like gold and silver, have historically served as a hedge against inflation and currency devaluation.
Gold and Silver ETFs Shine As Precious Metals Prices Surge
Gold and silver exchange-traded funds gained on Monday as the underlying metals surged to new highs.
