Gold Is on the Rise Again. 2 Mining Stocks to Buy Now.
Key takeaways
- GC=F DX-Y.NYB NVDA On June 10, the spot price of gold was $4,060 an ounce.
- The news eased worries over global inflation and higher interest rates, which can make gold a less attractive investment.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
GC=F DX-Y.NYB NVDA On June 10, the spot price of gold was $4,060 an ounce. A week later, that price had jumped to more than $4,300, a 6% increase in just one week. The primary reason for the jump was that U.S. President Donald Trump said on June 15 that the U.S. and Iran had signed a preliminary agreement to end the war in the Gulf.
The news eased worries over global inflation and higher interest rates, which can make gold a less attractive investment. It also sent the dollar lower, making dollar-priced metals more affordable for holders of other currencies.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »