-- Gold prices fell in Asian trade on Thursday, weighed chiefly by strength in the dollar and U.S. Treasury yields as traders remained on edge before key economic readings that are likely to factor into interest rates.
As the U.S. dollar experiences a gradual decline in purchasing power, investors are increasingly turning to precious metals stocks as a safe haven. Precious metals, like gold and silver, have historically served as a hedge against inflation and currency devaluation. Investing in companies involved in the exploration, mining and production of these metals can offer robust portfolio diversification. Moreover, investors can gain exposure to the price movements of these commodities, without the need
NVIDIA, the world's third-most valuable company, is now just $100 billion away in market value to overtake Apple (AAPL) in a major reshuffle of Wall Street's biggest players.
With the AI boom propelling markets, investors might seek alternative avenues to capitalize on this emerging trend. CNIC Funds CEO Tim Kramer joins Wealth! to explore why the energy sector could present an enticing entry point into the AI trade. Kramer emphasizes that electricity "is the most consumed commodity in the US." He draws a parallel between the AI trade and the gold rush, suggesting that while gold was initially the hot commodity, attention soon shifted toward the companies or individuals that supplied the gold rush and trade—a similar pattern he anticipates with AI and electricity. "Given that backdrop on how much more electricity this is going to take, we think that we're in a very interesting position to give people an opportunity to get exposure to that piece of the sector, which is the increase in electricity consumption," Kramer tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
The semiconductor boom has rewarded many investors who picked them up before the latest AI-fueled surge. Though there’s still value (and room to run) for many of the AI chip stocks, there are also the overheated ones that may be vulnerable to a correction at some point in the near future. Undoubtedly, the AI boom is still on a healthy footing, but as investors, we should always be ready for turbulence, especially after a period of pretty pronounced gains. Though it’s quite the stretch to refer t
Earnings estimates for the S&P 500 holding up better than normal is one of the key reasons Wall Street strategists are optimistic about the path for stocks in the second half of 2024.
URAX seeks 2X the daily performance of uranium mining and nuclear related stocks URAX The Defiance Daily Target 2X Long Uranium ETF URAX seeks 2X the daily performance of uranium mining and nuclear related stocks. MIAMI, May 28, 2024 (GLOBE NEWSWIRE) -- Defiance, a leading provider of ETFs, is proud to announce the launch of a groundbreaking leveraged ETF - the Defiance Daily Target 2X Long Uranium ETF - marking a significant advancement in the investment landscape for tactical traders. We belie
-- Gold prices steadied in Asian trade on Tuesday, seeing some relief from a mildly weaker dollar as traders braced for a swathe of key inflation readings this week, most notably from the U.S.
-- Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead of a key U.S. inflation reading this week.
One specific segment within tech has consistently outperformed most others.