Sage Investment Club

Gold ticks higher, heading for 5th straight weekly advance

Gold ticked higher early Friday, with the yellow metal on track for a fifth straight weekly gain as investors monitor falling bond yields and fears of an economic downturn.Price action Gold for February delivery GC00, +0.10% GCG23, +0.10% rose $6, or 0.3%, to $1,930 an ounce on Comex, on track for a weekly rise of […]

Investors are ‘desperate’ for a recession that forces the Fed to pivot but what happens to markets if the economy remains healthy this year ?

As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months show that inflation has moderated, […]

Gold hits fresh 8-month high on China reopening hopes

Gold futures touched a fresh 8-month high Wednesday as traders bet that China’s decision to drop COVID-19 restrictions on its economy would continue to boost prices of precious and industrial metals. Price action Gold futures for February delivery GC00, +0.23% GCG23, +0.23% rose by $5, or 0.3%, to $1,889 per ounce on Comex, according to […]

Why gold prices may be headed for record highs this year

Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss.Gold “noticeably” appreciated by about $200 an ounce from November to the end of last year, and continued that trend in the […]

Gold prices end lower after a 4-session rise to their highest since June

Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to its highest price since June. Price action Gold for February delivery GC00, +0.04%   GCG23, +0.04% fell $18.40, or 1%, to settle at $1,840.60 per ounce on Comex. Prices for […]