GDX

Gold bounces as yields slip after U.S. PCE data, underlining rate cut hopes

Gold bounces as yields slip after U.S. PCE data, underlining rate cut hopes. Front-month Comex gold futures bounce 1.2% on Friday after tumbling to lowest since July 9 on Thursday. Yields on the benchmark 10-year Treasury fell to a one-week low on optimism for a rate cut in September.

Fed's Favorite Inflation Gauge Falls To 2.5%, Lowest Since February 2021, But Core Remains Sticky: 10 ETFs To Monitor Thursday

U.S. PCE price index falls to 2.5% year-on-year in June, as expected. The Bureau of Economic Analysis also reported lower-than-expected monthly increases in personal spending and personal income. The latest Fed's favorite inflation report showed mixed results for market participants.

Commodity Roundup: UBS's Marcelli sees higher prices ahead despite demand concerns

Commodity Roundup: Gold, oil fall as investors turn cautious ahead of U.S. economic data

Morgan Stanley analysts see positive Gold outlook by 4Q2024

Commodities Morgan Stanley analysts see positive Gold outlook by 4Q2024. Gold is up 50% from the 2022 lows and up 25% since mid-February. Physical selling of gold has driven the metal up. Morgan Stanley U.S. Economists believe the Fed cutting cycle will begin in September.

Commodity Roundup: India slashes import tax on gold and silver; copper extends slump

Are There Canadian Market Opportunities Hiding In Plain Sight?

Michael O'Brien, Managing Director and Head of the Core Canadian Equity Team at TD Asset Management says some Canadian stocks may be ripe for the picking. He says the Canadian market has been overshadowed by the excitement around AI and tech stocks. O’Brien says Canadian stocks are having a solid year and are not overvalued.

The Top We Strike Could Be A Very Long Term Market Top - Avi Gilburt