Gold to outperform silver as long as S&P trends higher

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 65 sec. here
  • 32 min. at publisher
  • 📊 Quality Score:
  • News: 130%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Despite its surge to new record highs, Mike McGlone sees gold outperforming other assets – from silver and stocks to oil – in 2024. - Gold and silver prices are higher at midday but down from their overnight highs that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures.The best performing precious metal for the week was silver, up 11.

The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Monday, May 20—May bitcoin futures prices are firmer in early U.S.

- Big mining deals are going to bring needed attention to the mining sector and build more enthusiasm, noted Adam Lundin, chair of Lundin Group.'It hard not to get excited when you see a blockbuster deal like that' - Adam Lundin on mining M&AThe greatest macroeconomic story ever told? How high rates and boomer spending saved America

If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told. - As the U.S. grapples with stagflation—a troublesome mix of stagnant growth and persistently high inflation—investors are steering towards sectors that promise stability and growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Local gold market distortions persist even as gold prices recede from highsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold SWOT: Silver has soared by almost a quarter in 2024, outpacing goldThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold SWOT: China’s central bank topped up its gold reserves for an 18th straight monthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold prices rise ahead of key inflation data after release of Q1 GDPThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Agnico Eagle reports record cash margins in Q1 earnings on solid production and lower costsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold up in choppy trade after U.S. GDP data hints stagflationThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »