Gold could end up being the best investment of 2024

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Bitcoin/USD Coin Metrics أخبار

Abrdn Physical Precious Metals Basket Shares ETF,SPDR Gold Minishares Trust,Gold / US Dollar Spot

The gold trade has held up better than riskier asset classes in August and could benefit from Fed rate cuts in the months ahead.

The volatility for the stock market and renewed concerns about economic growth could spur some investors to take a closer look at buying gold. Those who already own it are probably sleeping a little easier this week. With the the stock market now well off its highs, spot gold is actually outperforming stocks and the broader bond market year to date.

Now you know the interest rate environment is going to decline. The economy's weakening. So now this is when gold actually does start to work," said John Davi, CEO and CIO at Astoria Portfolio Advisors. Bitcoin is still ahead of gold in 2024, likely helped by the arrival of new ETFs, but the so-called "digital gold" has dropped about 14% in August — compared to just a 2% decline for real gold — and has tended to sell-off with other risk assets during times of stress.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in EG

مصر أحدث الأخبار, مصر عناوين