Reported about 6 hours ago
Grace Williams from Yahoo Finance reports that Kathryn Rooney Vera, chief markets strategist at StoneX, advises investors to take profits from the soaring gold prices, which have risen 27% this year, reaching around $2,600 an ounce. She notes the potential for a market correction and emphasizes that current gold demand has shifted, with Costco's sales of gold bars contributing significantly to this trend. Rooney Vera suggests that gold's popularity is expanding beyond traditional buyers, indicating a broader interest in this valuable asset.
Source: YAHOO