Kitco News
(Kitco News) – Gold prices are struggling to in positive territory, seeing little bullish momentum following a stronger-than-expected rise in U.S. consumer prices.
The post Gold price unable to fund any bullish momentum as U.S. CPI rises 8.3% for the year appeared first on WorldSilverNews.
Kelsey Williams
Wed, 05/11/2022 – 04:07
South China Morning Post/Cheryl Heng/5-9-2022
‘Investors should buy commodities as a hedge against inflation and geopolitical risks, with a composite basket of raw materials likely to help protect their capital as stocks and bonds failed to offer sufficient diversification benefits, according to JPMorgan Private Bank. An index tracking 23 commodities from gold to crude, copper and soybeans across six different sectors tracked by Bloomberg could jump by 10 to 15 percent over the next 12 months, it predicts.”
USAGOLD note: Looks like JP Morgan has decided to join Goldman Sachs on the commodities bandwagon. It points to a number of concerns pushing the trend (a few of which are mentioned in the headline) saying they will keep the “emotional premium in gold alive.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
MarketsInsider/Matthew Fox/5-9-2022
“There is seemingly no corner of the market that is providing a safe haven less than halfway into 2022, and stocks, bonds, and the once high-flying cryptocurrency market are all getting crushed. This means that diversification — a key tenet of a healthy portfolio — has failed to protect investments from a trifecta of risks that include rising interest rates, record inflation, and slowing economic growth.”
USAGOLD note: There is one investment up so far this year against that trifecta of risks. Gold. It’s up over 2%. That doesn’t sound like much until you compare it to the DJIA being down 11.6% and the bond market being down almost 20.6%. In relative terms, that’s a fairly significant swing.
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