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Gold Aug 24 (GC=F)

COMEX - COMEX Delayed price. Currency in USD
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2,463.90-3.90 (-0.16%)
As of 03:14PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2024-08-28
Open2,473.20
Bid2,464.00
Last price2,467.80
Day's range2,455.50 - 2,488.40
Volume246,298
Ask2,464.10
  • Yahoo Finance Video

    Stocks dragged down by chip sell, oil prices tick up

    The major market averages (^DJI, ^IXIC, ^GSPC) are coming under pressure Wednesday morning, the Nasdaq Composite falling off by over 300 points — or over 1.6% — as semiconductor stocks drag down the tech-heavy indexes. Seana Smith and Madison Mills monitor market moves after the opening bell, joined by Jared Blikre who examines price trends in leading commodities like crude oil (CL=F, BZ=F) and gold (GC=F). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    Reasons why gold is the best investment amid volatility

    As market volatility (^VIX) continues to weigh on investors' minds, John Petrides of Tocqueville Asset Management shares his investment insights amid the Federal Reserve's interest rate decision making on today's episode of Catalysts Petrides observes that volatility has been "strangely quiet" recently, a situation that appears to have made the Federal Reserve more attentive to market reactions. In light of this environment, Petrides advises investors to buy gold (GC=F), arguing that "there's way too much uncertainty" in the current market, making gold an attractive option for investors.  Furthermore, with potential Fed rate cuts on the horizon, Petrides believes gold stands to benefit. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

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    Why the bond market should expect more volatility ahead

    Federal Reserve Chair Jerome Powell is testifying for the second day before Congress as the US continues to grapple with inflationary pressures. Tocqueville Asset Management portfolio manager John Petrides and WisdomTree head of fixed income Strategy Kevin Flanagan join Catalysts to break down the market reaction to Powell's comments and how investors should best position their portfolios amid the current economic backdrop. Flanagan explains that the Fed is in a precarious balancing act when it comes to initiating a rate cut: "The Fed does not want to make a mistake here one way or the other, right? They don't want to be on hold too long, but they don't want to cut rates too soon. So it is kind of a tightrope that Powell and company are walking." He explains that the bond market will experience some volatility as the Fed continues to weigh the timing of its first rate cut. Petrides notes that overall market volatility has been "strangely quiet" recently. However, if volatility were to increase, he believes the Fed will likely change its language to be more market-friendly. He points to gold (GC=F) as a smart investment amid economic and geopolitical uncertainty, explaining, "We think there's way too much uncertainty with the amount of debt the US has on the balance sheet. Gold typically does well when interest rates come down, so if the Fed is in the process of starting to ease, that will benefit gold." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl