Australia markets closed

Gold Jun 24 (GC=F)

COMEX - COMEX Delayed price. Currency in USD
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2,415.40-10.50 (-0.43%)
As of 09:05AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-06-26
Open2,425.40
Bid2,415.20
Last price2,425.90
Day's range2,408.00 - 2,430.50
Volume93,858
Ask2,415.40
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    The 2 areas to invest in to take full advantage of inflation

    Sarge986 LLC President Stephen “Sarge” Guilfoyle foresees two dominant macro trends that play a great role in influencing the market (^DJI, ^IXIC, ^GSPC) and whether stocks can hold onto the current rally. Guilfoyle joins Julie Hyman on Asking for a Trend to elaborate on the areas he is investing, taking advantage of the high inflationary environment: the utilities sector (XLU) and precious metal commodities such as gold (GC=F), silver (SI=F), and copper (HG=F). "As AI goes, as bitcoin (BTC-USD) goes on, as electric vehicles go on, the demand for electricity isn't going to be what it's been. Demand for electricity nationwide has gone up, maybe like less than 0.5% a year for a number of years," Guilfoyle explains. "From here on out. I think they're expecting 2 to 3% growth per year. so this is going to be an ongoing thing. You're not going to pay a low price for electricity, I don't think, probably for a long time." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.

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    Why it's a 'perfect storm' for commodities right now

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