The gold price has just recorded a new record all-time high: $2,483 in the spot market on the night of July 17, 2024. Although this new record is a welcome development for precious metals investors, just within the last week a new signal has developed which may spell trouble for investors. This signal could suggest a significant top to develop soon in the gold price, so investors should monitor this developing situation closely.

Warning Signal for Gold & Silver Prices

LONDON (August 7) Gold prices are slightly better on Wednesday as traders attempt to establish new support at a key pivot of $2380.54. The major support remains the 50-day moving average at $2367.89. Investors are closely watching the Federal Reserve, anticipating a potential rate cut in September, which has stirred speculation about gold’s trajectory towards the record high of $2483.74 and possibly reaching the psychological $2500 level.

Gold (XAU) Price Forecast: Will Rate Cut Hopes Drive a Gold Rally to $2500?

Central banks across the world added more than 1,000 tonnes…. The price of gold decreased by 1% on Monday (5 August), falling below $2,400 per ounce (oz) for the first time since July. The metal appears to be caught up in a global market sell-off of raw metals. The spot...

Global market sell-off of metal caused the price of gold to fall by 1%

The Motley Fool

Investors can cover a lot of ground with just two investments worth buying and holding onto long-term.

2 ETFs That Are Screaming Buys in August

The gold price is fully intact, technically, taking recent market volatility in stride. Gold is riding the 50 day moving average after working off overbought readings, comfortably maintaining its uptrends on all important time frames (I don’t consider in-week, and especially in-day stuff as particularly important). Daily through monthly? The gold price is trending up in the bull market that began in 2019 and began its next leg in February of this year.

The Gold Price is Taking It All in Stride

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

ON semiconductor's end markets look like they are bottoming in 2024. Hexcel looks like the future of the aerospace industry. The increasing complexity of electronic products means Keysight Technologies has long-term growth prospects. The stocks have underperformed in 2024, but they all have great long-term growth prospects and investors should...

3 Stocks Down More Than 11% in 2024 That Are Screaming Buys in August

The tech-centric index is taking a break from its relentless run, but some stocks in the Nasdaq have much further to climb, according to Wall Street.

2 Nasdaq Stocks to Buy Before They Soar as Much as 226% According to Select Wall Street Analysts

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More. This top stock is thriving as it invests...

Stock Market Sell-Off: The Best Artificial Intelligence (AI) Stock to Buy Now (August 2024)

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Herbie J Pilato

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

The sell-off in top growth stocks is a buying opportunity for patient investors.

Nasdaq Correction: My Top "Magnificent Seven" Stock to Buy in August

Visa is down 10% in four months, offering a compelling opportunity to invest in the blue chip stock.

My Top Dow Dividend Stock to Buy in August (and It's Not Even Close)

The ingredients are present for a stock market crash, which means amazing deals may soon abound.

3 Stocks I Plan to Double Down On If the Stock Market Plunges

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Precious metals like gold and silver have always been the go-to investments when things get shaky. Right now, they’re not just sitting pretty; they’re gearing up for a big leap. Here’s why these metals are set to shine brighter than ever, backed by some solid data. Economic...

Why Precious Metals Are Set to Shine: Gold and Silver on the Rise

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a pretty deep hole in Tommy’s backyard.

The Trillion Dollar Coin: A Dumb Idea That Some Government People Take Seriously

Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Major U.S. indexes gave up early-session gains and finished lower Wednesday, disrupting the stock market's recovery from steep losses recorded earlier in the week. The Nasdaq Composite fell 1.1%, while the S&P 500 and Dow Jones Industrial Average dropped 0.8% and 0.6%, respectively, marking a sharp intraday reversal. The market on Tuesday had snapped a three-session streak of big losses stemming from sharp declines in big-name technology stocks and rising investor concerns about the health of the U.S. economy.

Markets News, August 7, 2024: Stocks Give Back Early Gains to Close Lower as Chip Stocks Slide

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

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Gold Price Exclusive Update - August 10, 2024

Our proprietary cycle indicator is now DOWN. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders...

Gold Price Exclusive Update - August 10, 2024

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