Gold Snaps Winning Streak
Gold settles down 1.1% to $2,714.40 an ounce, breaking a string of six straight gains. The decline comes amid profit-taking by traders, but investors are seen as continuing to have a rabid appetite for gold.
Gold settles down 1.1% to $2,714.40 an ounce, breaking a string of six straight gains. The decline comes amid profit-taking by traders, but investors are seen as continuing to have a rabid appetite for gold.
In a surprising turn, the Energy Information Administration's (EIA) Crude Oil Inventories report has highlighted a significant increase in the number of barrels of commercial crude...
(Reuters) - Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on Wednesday showed. The European Commission said a flash...
The U.S. housing market experienced a minor slowdown in the number of existing home sales, according to recent data. The actual number of sales came in at 3.84 million annualized...
-- Bitcoin’s price slipped on Wednesday as appetite for risk-driven assets remained weak amid uncertainty over the U.S. election and as traders positioned for smaller...
- Enterprise blockchain solutions provider Aventus, which snags a parachain slot on the interconnected Polkadot ecosystem, has rolled out a major network upgrade to...
Bernstein's research analysts released a detailed Bitcoin investing guide that pointed out the rise in institutional involvement in Bitcoin investing, along with the rising role of...
- The U.S. dollar climbed to new highs Wednesday, as uncertainty over U.S. interest rates and the upcoming presidential elections kept the safe haven in demand. At...
Kurt Reiman, UBS Global Wealth Management ElectionWatch co-lead, joins Catalysts to discuss how investors can best prepare for the election. Reiman expects heightened volatility around the election, and adds, "Some of the financial market outcomes that we're seeing are perfectly reasonable within the context of this elevated volatility that we're seeing." However, he notes that this will likely be a contested election: "We have a very narrowly divided country. The polls are telling us this. The prediction markets are not. And that's kind of an interesting sort of dichotomy with what's happening." It could take weeks to receive an official outcome, so Reiman encourages investors to avoid making large, strategic portfolio shifts during this time. Yet, there are investments that he says could be "helpful" over the next year. He points to gold (GC=F) as an example, arguing that it is not only a good asset to hold amid volatility but also when central banks are shifting their reserves. He also highlights the utilities sector (XLU), noting that it is a beneficiary of increased AI demand and is a "more stable dividend player." "The point is that making some tactical shifts in the portfolio to add a little bit of robustness to it going into what may be a contested election is not a bad idea. But what I would not recommend is large portfolio shifts because of concerns about the risk of a contested election," Reiman tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl
JOHANNESBURG (Reuters) -South Africa's inflation dropped sharply in September, hitting its lowest level in more than three years and bolstering expectations for another interest...