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Gold Oct 24 (GCV24.CMX)
| Pre. Settlement | N/A |
| Settlement date | 2024-10-29 |
| Open | 2,391.60 |
| Bid | 2,388.00 |
| Last price | 2,386.20 |
| Day's range | 2,384.40 - 2,406.20 |
| Volume | |
| Ask | 2,400.00 |
- Yahoo Finance Video
Why silver prices have 'two different personalities': Analyst
Both silver (SI=F) and gold (GC=F) have seen their prices soar amid uncertainty in the Federal Reserve's policy decisions and ongoing geopolitical conflicts. Will silver's run continue or is this just an anomaly? Deutsche Bank Research Analyst Michael Hsueh joins Wealth! to give insight into the silver market and what investors can expect for the future of the commodity. Hsueh explains how Silver works in trading: "It has two different personalities, right? One is as gearing to the global manufacturing cycle, and two, is as a sensitivity to gold, usually with a beta that's above 1. Right now, with the global manufacturing cycle, not really doing a whole lot. I think in the US certainly, we've kind of troughed in the mid-cycle slowdown, in, over the course of '22 and mid 2023, and now we're in a very shallow recovery from that. But I think broad picture on the manufacturing cycle is not a very strong input to the silver price at the moment... Right now, it seems to be the sensitivity to gold that is really dominating silver at the moment." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance Video
Oil, Gold, Cocoa prices are sliding: Commodities check
Cocoa futures (CC=F) are declining sharply Tuesday morning, having its worst two-day slump since February. Cocoa prices surged in 2024 after inclement weather disrupted cocoa harvests at the beginning of the year. Crude oil (BZ=F, CL=F) is moving lower as geopolitical tensions in the Middle East are slightly easing, while gold (GC=F) is also moving off of its high seen earlier this month. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the latest price actions rippling across commodities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Bitcoin, oil, gold: Morning price check
Bitcoin (BTC-USD) rose slightly on Monday morning following the much-anticipated halving. Meanwhile, oil (CL=F, BZ=F) and gold (GC=F) prices are trading slightly lower as geopolitical tensions ease. Yahoo Finance's Madison Mills recaps the latest market action on the full episode of Morning Brief. This post was written by Stephanie Mikulich.
