Gold COMEX (Apr'23)
Where the charts indicate gold is headed next as it rallies on escalating geopolitical tensions
Gold is making new all-time highs fueled by two factors: escalating tensions in the Middle East , as well as central banks around the world moving to a more dovish, or accommodative stance. I believe there is more upside in gold that we can take advantage of in the underlying bullion market or one of […]
Read MoreCNBC Daily Open: Hoping for a 50-basis-point cut
Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision. Source
Read MoreGlobal commodities’ biggest winners and losers this year — and where they’re headed
A farmer collecting grain from a combine harvester during the wheat harvest on a farm near Benfleet, UK, on Monday, Aug. 12, 2024. Bloomberg | Bloomberg | Getty Images The global commodities market has been volatile this year, with prices remaining largely elevated. Orange juice and cocoa futures surged to record highs in the first […]
Read MoreGold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
An employee handles one kilogram of gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as […]
Read MoreGoing for gold — Three ‘Big Short’ traders say the precious metal is a major long
“The Big Short” traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. “I just don’t think Americans have enough gold in their portfolio,” Collins said on CNBC’s ” Fast Money ” in an exclusive interview this week . The three investors are known for their successful […]
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