Why Gold Is A Good Investment Right Now—And May Be Set For A New Record Price

Gold is on the precipice of hitting its highest price on record as investors turn to the safe-haven asset amid a rocky macroeconomic environment, and analysts believe the precious metal could have much more room to run—thanks in no small part to the potential recession looming ahead.

And the precious metal could soon soar far past its all-time high, UBS’ global chief investment officer Mark Haefele wrote in a Tuesday note to clients, setting a $2,200 target for gold by next March, indicating an about 8% upside. A weakening U.S. dollar, historic stress in the banking sector, the standoff with the federal government’s debt ceiling, easing expectations about interest rates and the rising likelihood of a recession all bolster gold prospects, according to Haefele.

“Gold is typically driven by macro variables rather than supply [and] demand,” says UBS analyst Cleve Rueckert, explaining that the surge in the unique commodity’s price is unique as it has little to do with its use case. So how can you get gold exposure? In addition to buying physical gold or futures contracts for the metal, investors can also purchase exchange-traded funds holding the commodity or buy shares of public companies who mine the metal,Gold mining stocks have surged this year: Shares of Gold Fields , Kinross Gold , Franco-Nevada , Royal Gold and Barrick Gold have each outperformed the S&P 500’s 8% gain.The “plethora of risk” in the U.S.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Palantir dumps $50 million gold investment two years after buying precious metalAfter buying $50 million worth of gold bars in 2021, the company said in its quarterly filing on Tuesday that it sold that investment for a minor gain.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Investment consortium nears $7 bln-plus deal for Syneos Health -sourcesA consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc , a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Syneos Health to be acquired by private investment consortium for about $7.1 billion in cashSyneos Health Inc.’s stock soared 9% in premarket trade Wednesday, after the biopharma services company said it has agreed to be acquired by a private...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

6 high-conviction investment ideas: JPMorgan Global WealthThe chief investment strategist of JPMorgan Global Wealth explains why the worst thing investors can do right now is sit on cash — and shares 5 other high-conviction investment ideas
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Activists stage protest at Swiss bank over fossil fuel investmentWielding brooms and carrying cleaning supplies, a group of activists symbolically cleaned the facade of a branch of Swiss bank UBS in Zurich on Wednesday to protest against its fossil fuel investments.
출처: ReutersScience - 🏆 559. / 51 더 많은 것을 읽으십시오 »