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

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Gold prices rose by more than 1% on Monday to hit the highest since Aug. 2, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve's interest rate cut path. Spot gold rose over 1% to $2,458.25 per ounce...

Safe-haven demand lifts gold to highest in 10 days; U.S. data in focus

LONDON (August 15) Gold price (XAU/USD) climbs above $2,450 in Thursday’s European trading hours but struggles to break above all-time highs of $2,483.70. The upside in the Gold price appears to be limited as traders are scaling back bets that the Fed will reduce interest rates aggressively in September.

Gold price jumps above $2,450 as Fed looks set to cut interest rates in September

Reuters

NEW YORK (Reuters) - The dollar held gains against the euro on Thursday, pulling the European common currency back from a seven-month peak, after U.S. economic data eased fears of a recession risk and dampened expectations for aggressive interest-rate cuts.

Dollar holds gains on reassuring data, euro slips

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

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

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  The price of gold has been on a remarkable upward trajectory in recent months, shattering numerous price records and attracting the attention of investors across the globe. The trend started early in the year, with gold hitting its first record price of 2024 on March 8. Then, on April 1, gold's price climbed to another new high, only to be eclipsed again in late May.The precious metal's price ascent didn't end there, either. Gold's price ascent continued, with the...

Gold's price surpasses $2,500 an ounce: 4 moves to make now

Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/.

Silver Flashed the Signal Again!

Gold prices have been rising over the last couple of weeks and this week posted a new record high of $2,471 an ounce on the futures market. During Tuesday’s trading, spot gold rose 1.8% to nearly $2,466 an ounce. Gold prices have accelerated because traders have become increasingly convinced...

Price of gold hits new record high

South Carolina State

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

So, you’re thinking about investing in gold and precious metals, but you’re hesitating because there’s an election coming up. You’re not alone. Many people think they should wait to see what happens at the polls before making a move. But let’s break down why that might not be the best idea.

Why Waiting for Election Results to Buy Gold Makes No Sense

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

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 and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Gold Price Exclusive Update - August 10, 2024

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve. Spot gold inched higher 0.6% at $2,461.36, after rising as much as 0.9% earlier in the session. U.S. gold...

Gold pares gains as dollar, bond yields climb after strong U.S. data

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J. Souza

In a dramatic rescue operation captured on video, the Italian Coast Guard airlifted a pregnant woman from a cruise ship in the Adriatic Sea on Sunday. According to news reports, the woman, who was experiencing complications and "at risk of miscarriage", was successfully transported to a hospital for medical care.

Pregnant Woman Evacuated from Cruise Ship "At Risk of Miscarriage"

Georgia State

Georgia soybean grower Alex Harrell has shattered the world record yield for soybeans with a bin busting 218.2856 bushel per acre (bpa) average. Not only has he broken his own previous world record of 206 bpa, but he’s done it in back-to-back years. The 34-year-old farms about 4,000 acres...

New soybean yield record set at 218 bushels

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Dryden Gold Corp. (TSXV:DRY; OTC:DRYGF) has reported significant developments in its Phase 5 drill program at the Gold Rock Project in Dryden, Ontario. The company announced that visible gold had been observed multiple times in the diamond drill hole KW-24-017, which was strategically drilled to follow up on previously successful results from hole KW-24-008 earlier in 2024. This latest drill hole intercepted the Elora mineralized zone approximately 30 meters deeper and 45 meters along strike from the previous hole, with visible gold observed in the uncut core.

Visible Gold Discovery Highlights Strong Potential at Gold Rock Project

NewsBreak

Gold and silver to rally through the end of 2024, copper likely to lag

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while...

Gold and silver to rally through the end of 2024, copper likely to lag

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