Gold Jun 25 (GCM25.CMX)
- Yahoo Finance Video
Gold could go 4.8% higher on asset inflation, Fed: Strategist
Gold (GC=F) has seen quite the run in 2024 and is set for its best week since early April. The commodity is often viewed as a hedge bet against inflation, but could all that change if the Federal Reserve decides to cut interest rates? Path Trading Partners Co-Founder and Chief Market Strategist Bob Iaccino joins Catalysts to discuss the momentum behind gold futures and what it means for both the Fed and gold traders Iaccino speculates on gold's future movements: "If inflation is picking up again, which I believe it is, gold will rally as a function of asset inflation." He continues: "When you look at asset inflation that comes with it, those of us that own assets like gold, we benefit from that. So my target for gold is about 4.8% higher from here. Very specific: $2,491 [per ounce]. If you get to $24,91, the speculator will probably push it to $2,500 just because they like those numbers." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Commodities rally on slip in US dollar value
Investors are closely monitoring the commodity sector, which is experiencing a broad-based rally as the U.S. dollar (DX-Y.NYB) exhibits signs of weakness. Commodities like copper (HG=F) and gold futures (GC=F) are among the notable gainers, capitalizing on the dollar's softening momentum. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Oil, gold prices fall as US dollar surges: Commodity Check
Commodities like gold (GC=F) and crude oil futures (CL=F, BZ=F) are falling as the US dollar surges ahead on Employment Cost Index (ECI) data. The dollar is currently up 3.7% year-to-date in 2024. Yahoo Finance Senior Markets Reporter Jared Blikre takes a look at how several key commodities are trading this morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
