News Formal

Americans say gold is better investment than stocks for first time since 2013

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Americans view gold as a better investment than stocks for the first time since 2013. Here's why that's a good sign for the stock market.

More Americans view gold as a better long-term investment than stocks for the first time since 2013, according to a recent survey from Gallup.

"One reason to expect higher equity prices [is] that the masses keep betting on lower prices. This matters as the crowd is rarely right looking back at history," Detrick said inAccording to the survey, 26% of Americans view gold as the best long-term investment, which is a near double from its level of 15% in 2022. Meanwhile, Americans that view stocks as the best long-term investment fell to 18% this year from 25% last year, representing its lowest level since 2011.

For one, the Federal Reserve is likely on the verge of wrapping up its rate hike campaign as inflation continues to cool. Fed Funds Futuresthat the central bank opts not to hike interest rates at its June FOMC meeting.

 

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:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Pakistan, Iran top leaders meet after 10 years, inaugurate border marketIranian President Ebrahim Raisi and Pakistani Prime Minister Shahbaz Sharif met to enhance economic ties in the first interaction of its kind between the two countries since 2013.
Source: trtworld - 🏆 101. / 63 Read more »