Gold Breaks New All-Time Highs – Is Silver Next?
Published: Friday, 13 September 2024 04:46 | 
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Gold's 25% surge this year outperforms many key assets, validating its investment value. Gold's outlook looks strong, with potential for further gains
Stocks, Gold Rise on Bet on Aggressive Fed Rate Cut
Published: Friday, 13 September 2024 02:47 | |
| Wall Street is experiencing a significant shift in investment strategies as traders increasingly bet on a substantial Federal Reserve rate cut. This has led to a rotation from tech giants to smaller, economically sensitive stocks. The Russell 2000 index of smaller firms outperformed tech megacaps, while an equal-weighted version of the S&P 500 beat the standard benchmark. This rotation suggests a broadening of the market rally beyond the handful of tech companies that have dominated gains so far this year, as investors anticipate that Fed rate cuts will boost the broader economy.
Yield Curve Uninverts: A New Economic Warning Sign?
Published: Friday, 13 September 2024 09:20 | |
| The yield curve, a well-known recession indicator, has recently "uninverted," with the 2-year Treasury yield falling below the 10-year yield. While this might seem positive, historical patterns suggest that when this uninversion occurs just before the Federal Reserve starts cutting interest rates, it can still signal an impending recession. However, experts caution against relying solely on this indicator, as there have been instances where uninversion didn't lead to an immediate economic downturn. The current economic landscape, including recent job reports and inflation data, adds complexity to interpreting these signals.
Gold Price Climbs to $2,577.50 as Rate Cut Expectations Grow
Published: Friday, 13 September 2024 09:15 | |
| Gold prices have reached new record highs, driven by expectations of interest rate cuts by the Federal Reserve and other central banks. The precious metal's value has surged nearly 25% this year, benefiting from economic uncertainties, geopolitical tensions, and its status as a safe-haven asset. Investors are closely watching for signals from the Fed's upcoming meeting, with most anticipating a rate cut that could further boost gold's appeal compared to interest-bearing assets.
50-Point Rate Cut Back on the Table -- Gold Hits Record Highs
Published: Friday, 13 September 2024 09:14 | |
| The dollar weakened and gold reached a record high as investors reassessed the likelihood of a significant interest rate cut by the Federal Reserve next week. Reports from major financial publications suggested the decision could be closer than previously thought, causing a shift in market expectations. This led to a rally in stocks, Treasury prices, and commodities, while the dollar fell to its lowest point this year against the yen.