Investors have plowed money into a new exchange-traded fund that tracks the sports betting and online gambling industries, even as professional competition remains closed. It’s a sign, industry-watchers say, of confidence in the longer-term outlook for the sector, as well as a reminder that many people are substituting play inRead More →
Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →
Dear Moneyist, I am unsure how to word this without sounding horrible but, this is so unique, I fear that you won’t want to advise because so much detail is needed. But here goes nothing: I have a dear friend that is 70 (about twice my age) that I haveRead More →
Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33% on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06% edged 1.9 cents higher,Read More →
Don’t miss these top money and investing features: Value stocks typically are the market’s unloved underdogs, but the past dozen years have been especially harsh for these cheaper-priced, would-be bargains. Yet as uncertainty builds about the U.S. economy’s future, investors are giving value strategies a closer look. Money and investingRead More →
Gold edged lower Tuesday, taking a pause from recent gains as a bout of renewed optimism over U.S.-China trade talks rob the metal of its haven-related appeal. Gold for December delivery GCZ19, -0.12% on Comex was down $2, or 0.1%, at $1,529.50 an ounce, while December silver SIZ19, -0.67% declinedRead More →
There’s not much that’s flashy or glamorous about a target-date retirement fund. It’s kind of boring, actually. But in this case, boring is brilliant. Really. I’m in the process of writing a new book to teach young investors how to maximize the probability that they’ll have more than enough moneyRead More →
Gold futures settled lower on Friday to post a loss for the week, but prices tallied a fourth consecutive monthly gain, with investors snapping up the precious metal and other haven assets in August as trade-related tensions stoked worries over global growth. “The precious metals remain in a bullish uptrend,Read More →
Gold prices headed lower for a second straight session Thursday, pulling back from the more-than-six year highs seen earlier this week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesmanRead More →
Gold futures finished Friday in positive territory, following the first estimate of second-quarter U.S. gross domestic product, which indicated the economy was healthy but slowing and might still warrant an interest-rate cut by the Federal Reserve. August gold on Comex GCQ19, +0.27% added $4.60, or 0.3%, to settle at $1,419.30Read More →
Gold futures climbed sharply on Wednesday, poised to log their highest finish in a week, as the U.S. dollar weakened on the back of remarks from U.S. Federal Reserve Chairman Jerome Powell that were perceived as dovish. In prepared remarks for Congress, Powell said Wednesday that the U.S economy isRead More →
Bitcoin bets made Erik Finman a millionaire before he was out of his teens. Now, the crypto wunderkind says he wants to help engineer a platform for investing in cryptocurrencies that is easy for average folks to use. “The goal of the application is to make cryptocurrency not just moreRead More →
Is the way to a consumer’s wallet through his stomach? American Express AXP, +1.41% is betting that the answer is yes. Beginning this week, American Express will reward Gold Card holders with 4X points on purchases made at restaurants worldwide. Previously, the credit-card company only rewarded customers for spending moneyRead More →
Gold futures on Thursday were swinging between slight gains and losses as equity markets drifted higher amid persistent worries about U.S.-China trade tensions and fears of sluggish global economic growth. Gold for August delivery on Comex GCM19, +0.40% most recently, was down $1.30, or 0.1%, to trade at $1,285 anRead More →
Gold futures climbed Friday, looking to recoup some of their sharp loss from a day earlier that sent prices to their lowest level of the year, but prices remain on track to register a loss for the week—their fifth in six weeks. Data Friday revealed that the U.S. created aRead More →
Gold futures dropped below the key $1,300 mark on Friday to settle at their lowest in a month and half, down over 2% from a week ago—the sharpest weekly fall since August. An overall risk-on sentiment, which boosted U.S. and global stocks, as well as strength in the U.S. dollarRead More →
Gold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, finding support from the turmoil surrounding the U.K.’s plan to leave the European Union and the upcoming vote of no confidence facing Prime Minister Theresa May’s government. Caution among traders has deepen “ahead ofRead More →
