Reported about 1 year ago
As the commodities market sees significant movements with crude oil and gold heading for consecutive weekly gains, Prosper Trading Academy CEO Scott Bauer explains the correlation between weak economic data, interest rate cuts, and the rise of gold prices. With the 2024 election approaching, Bauer views gold as a safe-haven investment amidst geopolitical risks. He anticipates potential new all-time highs for gold if old peak levels are breached, emphasizing the attractiveness of gold as a hedge amid uncertainties surrounding the election.
Source: YAHOO