Gold COMEX (Apr'23)
Traders are pouring into gold ETFs at record pace as trade and inflation worries grow
There’s a rush for gold happening on Wall Street, with investors flocking into the precious metal at a pace never before seen. Gold exchange-traded funds saw record high inflows last week — worth about $4.5 billion and led by the SPDR Gold Shares ETF (GLD) — with around half of that inflow occurring during Friday’s stock market sell-off […]
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Gold is hot — but a classic Warren Buffett rule suggests caution, advisor says
An attendant holds 1-kilogram gold bars on Feb. 17, 2025. Akos Stiller/Bloomberg via Getty Images Gold prices are popping. But investors should avoid the temptation to chase a shiny object, investment experts said. The SPDR Gold Shares fund (GLD), which tracks the price of gold bullion, is up about 11% in 2025 as of 2 p.m. […]
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CNBC Daily Open: U.S. exceptionalism seems difficult to dismiss for now
The New York Stock Exchange on Nov. 21, 2024. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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CNBC Daily Open: Investors endorse Trump’s Treasury secretary pick
Scott Bessent (center), founder and CEO of Key Square Group LP, during an interview in Washington, D.C. in June 2024. Stefani Reynolds | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors
The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. “Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping […]
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The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. “Things are looking good for the rest of this year and for next year,” George Milling-Stanley told CNBC’s “ETF Edge” this week. The State Street chief gold strategist highlighted demand from both central banks and individual investors in emerging […]
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Russia-U.S. tensions hit global markets as Putin lowers the threshold for a nuclear strike
Russian President Vladimir Putin speaks during a plenary session of the Valdai Club on Nov. 7, 2024 in Moscow, Russia. Contributor | Getty Images News | Getty Images Global stocks fell and investors fled to safe-haven assets on Tuesday, as global markets reacted to escalating tensions between the world’s two largest nuclear powers: Russia and […]
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‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold […]
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10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
A slew of Wall Street analysts last week turned even more bullish on three stocks ahead of their quarterly earnings reports. The U.S.-listed stocks are Meta Platforms , Asian e-commerce giant Sea Ltd , and miner Barrick Gold . CNBC Pro screened for stocks in the MSCI World Index that have received share price target […]
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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 […]
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