Stocks are up, but so is gold — and analysts say the metal's rally is just getting started

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Gold is traditionally used as a hedge against inflation and prices typically move higher as economic conditions deteriorate.

However, somewhat counterintuitively, global stocks and gold prices are both seen to be moving higher at present. Analysts say stimulus from central banks — and the extra money supply that can create — leaves gold well placed to rally in both the short and long term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

When economy is in recession precious metals rise always.

Golds rally started 8 years ago at $1200.

nothing like a bullish call from 🙄

PeterSchiff

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:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

5 Stocks To Short As Markets Retreat From Monday’s RallyAs the Nasdaq continues its historic climb, the Dow has erased some of Monday's gains. The coronavirus will continue to make headlines as its cases grow at a consistent rate across 23 states. It's never a bad time to short-sell overvalued stocks, and our AI suggests these are the ones to go after.
Source: Forbes - 🏆 394. / 53 Read more »

China Orders Up a ‘Healthy Bull Market,’ and Stocks ObligeChina’s stock market is taking cues from bullish state media again. Last time, that didn’t end well. ChinaLiedPeopleDied Chinese wealth is flowing once again! Because they handled the virus better than Trump did.
Source: WSJ - 🏆 98. / 63 Read more »