132.91 -0.06 (-0.05%)
After hours: 7:55PM EDT
|Bid||132.60 x 2900|
|Ask||133.29 x 800|
|Day's Range||132.41 - 133.55|
|52 Week Range||111.06 - 135.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.01|
|Expense Ratio (net)||0.40%|
Gold is rallying nearly 10-percent this month as investors turn to safe haven assets amid ongoing trade tensions and market uncertainty. Dave Nadig, Managing Director of ETF.com, joins Seana Smith on 'The Ticker' to discuss how a potential Fed rate cut could help gold's rally.
You might think those annoying TV ads for gold and silver coins give coin collecting a bad name. It turns out, however, that gold and other precious coins are the easiest collectible item to trade, whether you are investing in bullion coins as a hedge against inflated stock and bond prices or if you’re interested in building a special collection of rarities. Barry Stuppler, a coin dealer in Los Angeles who is the president of the Professional Numismatists Guild (PNG), discussed how investors can get started with something they may never have considered before, or maybe thought would be impractical.
Central banks’ actions affect gold prices, both directly and indirectly. Worldwide, central banks have been making dovish statements regarding the state of the global economy.
Gold futures are trading at their highest levels in over 6 years as interest rates plummet. Gold is up roughly 12% as the US 10-year Treasury yield falls 12% in the past 30 days.
Gold is now trading close to a six-year high following the Fed’s dovish pivot at its June policy meeting. After being range bound for the last five years, gold has finally broken out and its outlook is bullish.
There’s recently been a big focus on gold’s price moves. What happens next to the price of gold is more important. There is a potentially binary event ahead. Let us explore the issue with the help of two charts.
The primary driving force has been hopes that the Fed will aggressively cut interest rates in the months ahead. Economic reports have been poor with weaker-than-expected consumer sentiment and new home sales reported today. Bullard shot down the potential for a 0.5% rate cut at the next meeting and Powell was still vague about what will happen in July.
Technically speaking, the U.S. benchmarks’ June price action remains comfortably bullish ahead of key meetings at this week’s G-20 summit, writes Michael Ashbaugh.
On CNBC’s “ Fast Money ” on Monday, Guy Adami said gold mining stocks like SPDR Gold Trust (NYSE: GLD ) and VanEck Vectors Gold Miners ETF (NYSE: GDX ) are breaking out to the upside and continue to have ...
Gold may be at a six-year high, but at least one market watcher believes it’s “overbought” and that investors need to take some money off the table.
US-Iran and US-China relations have worsened of late. The flare-up in geopolitical tensions could result in a rally in safe-haven ETFs.
Leading cryptocurrency Bitcoin crossed the $11,000 mark on Monday to hit a 15-month high amid the hype over social media giant Facebook and its latest cryptocurrency offering. Overall, Bitcoin is up 170 percent for the year to help erase memories of its unceremonious crash last year after reaching $20,000 in late 2017. Instead of checking their banks to ensure their direct deposit went through, Facebook employees could open their cryptocurrency wallets on pay day as the social media giant will be rolling out its own digital currency soon.
Gold Wakes Up, Media Wakes Up To Gold Gold (NYSEARCA:GLD) is on the move, now above $1,400 an ounce for the first time since August 2013. Mainstream media is starting to pay more attention to the metal now, but still seems to keep to the basic script that gold goes up in times of uncertainty. […]The post Market Morning: Gold Awakens, More Iran Sanctions, Bitcoin Breaks Through, McDonald's Goes Robots appeared first on Market Exclusive.
While the bulls may deny it, the capital markets are speaking loudly and clearly: The U.S. economy is heading into recession in 2020, cautions, Mike Larson, growth and income expert and editor of Safe Money Report.
Bitcoin rose above $10,000 late Friday, marking another milestone in the cryptocurrency's recovery. introduction of plans earlier this week for its own cryptocurrency, to be called Libra. Bitcoin last traded above $10,000 a year-and-a-half ago, on its way down from all-time highs reached in late 2017 which were just short of $20,000.
U.S. and Iranian officials said the latter downed a U.S. military drone near the Strait of Hormuz on Thursday. These sector ETFs and stocks are likely to gain.
Gold is outperforming stocks even when stock markets are making highs. The SPDR Gold Shares (GLD) has gained 8.7% in the last one month, and the VanEck Vectors Gold Miners ETF (GDX) has amplified that return by rising 21.1% in the same period.
Dovish comments from the Federal Reserve Wednesday lifted the fortunes of gold exchange-traded funds (ETFs) like the SPDR Gold MiniShares (NYSEArca: GLDM) and SPDR Gold Shares (NYSEArca: GLD) Thursday ...
Gold futures registered their single largest one-day jump of 2.8% on June 20 following the Fed’s dovish stance at its June meeting. While the Fed kept rates unchanged, it hinted at future rate cuts if the conditions warrant them, which sent gold prices soaring.
To an optimistic capital market, that meant the door was open for interest rates to fall in 2019 after staying static thus far through the middle of the year. March 17, 2014 saw gold at $1,383.81, but following the interest rate announcement, gold went past the $1,380 mark. Leveraged exchange-traded fund (ETF) traders rejoiced, which saw funds like the Direxion Daily Gold Miners Bull 3X ETF (NUGT) rise.