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
Last price2,425.90
Day's range2,408.00 - 2,430.50
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    The Dow Jones Industrial Average (^DJI) seeks to close back above its all-time high of 40,000 in Monday's trading session, while the Nasdaq Composite (^IXIC) flirts with its own record close. Yardeni Research President Ed Yardeni sits down with Yahoo Finance's Julie Hyman and Jared Blikre on Market Domination to discuss the economic factors that could push markets even higher in the coming years. First Solar (FSLR) CEO Mark Widmar discusses the long-term positive impacts that President Biden's tariffs on Chinese imports will have on American industry, including for the energy sector and green energy initiatives. Yahoo Finance Reporters David Hollerith and Dan Howley also join Market Domination to break down their respective coverage of JPMorgan Chase (JPM) CEO Jamie Dimon's remarks at the bank's investor day and Microsoft's (MSFT) unveiling of its CoPilot+ PCs. This post was written by Luke Carberry Mogan.

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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

    Gold prices (GC=F) hit a record high today, boosted by increasing geopolitical uncertainty following the death of Iran's president. Blue Line Futures Chief Market Strategist Phil Streible and Wolfe Research Managing Director Timna Tanners join Market Domination to discuss why commodities — including other precious metals silver (SI=F) and copper (HG=F) — have seen such a boost. Streible explains that when trading commodities, investors need to identify two things: A supply-demand imbalance and market momentum. He says that in the instance of copper, demand is soaring amid a green energy revolution and an artificial intelligence push: "The combination pushes demand for copper, silver, and other metallic metals higher for the first time in over a decade, and this comes at a time when increased regulation makes it harder for additional supplies of these metals to come into light and end up in the end user's hands. So, it's just creating this global deficit right now. It's a perfect storm for commodities." "Don't let the facts get in the way of a good narrative here," Tanners warns. "The reality is, this is really a squeeze that's happening in the financial community more than in the physical market," she explains, saying that copper saw a lot of short squeezes. "When it comes to investing of any type, you always want to manage position sizing, making sure that it's risk capital that's involved," Streible adds. Tanners also notes that investors should be watching China in the commodities market, as its electric vehicle sector skyrockets and new measures to revitalize its property sector have been introduced. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl