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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.

The Glitter Of Gold And What Drives Its Price

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.

The Myth Of Central Bank Gold Buying

Gold recently surged to a new all-time high of $2,488 and 47% since October 2022. Central bank buying of gold has been cited as a key reason for the rally. Data shows their purchases have had a negligible impact on the market. Central banks have not proven to be smart money with respect to gold's direction.

Has An Age-Old Relationship Changed?

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.

China's Third Plenum Provides Little Support To Metals