TSX:GMTN - Post Discussion
Post by
GoldenPolarBear on Mar 28, 2024 7:26pm
“ Gold soars to record highs amid economic uncertainty ⚡️⭐️
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Gold soars to record highs amid economic uncertainty..."
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Gold futures skyrocketed today, with the most active June contract gaining a staggering $39.40 or 1.78% to settle at $2,254.80. This historic rise comes as investors seek a safe haven amidst growing economic concerns and the prospect of interest rate cuts...." https://www.kitco.com/opinion/2024-03-28/gold-soars-record-highs-amid-economic-uncertainty
"... The markets will be closely watching the release of the PCE inflation index tomorrow, a key indicator of the Federal Reserve's monetary policy stance. However, with markets closed for Good Friday and not reopening until Monday, any surprises in the inflation data could lead to heightened volatility next week.
Interestingly, the gains in gold today occurred despite moderate strength in the U.S. dollar, typically a headwind for the precious metal. This resilience underscores the intense demand for gold as a hedge against economic uncertainty..." https://finance.yahoo.com/news/gold-holds-steady-traders-await-032900385.html
"... It's never a bad idea to spend some time reviewing your investments. And with inflation still persistent, if significantly cooled, and interest rates stuck at their highest point in decades, now is as good a time as any to take a closer look at where your money is invested. While stocks and bonds can be smart to have, particularly after recent stock market performance levels, they're not the only investment to consider this spring. ..." https://www.cbsnews.com/news/big-reasons-to-invest-in-gold-this-april/
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