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Gold Dec 14 (GCZ14.CMX)
- Yahoo Finance Video
What gold, copper futures are telling us about the economy
Gold futures (GC=F) have had a record run in 2024, hitting an all-time high in late May. It's been a rally for commodities overall as copper prices (HG=F) moved to a record high in this same timeframe. Barrick Gold (GOLD) CEO Mark Bristow comments on the trends in the commodities trade that have been pushing metal prices higher and how it is acting as an economic indicator. "Mining is a long-term game. It's capital intensive. You've got to allocate capital over the long term. We did this big deal with Randgold back in 2019. We've been consolidating, it's all about delivery, and we've expanding our copper production," Bristow tells Yahoo Finance. "And overall looking to grow our production by 30% by the end of the decade. And bring our costs down. And that's the game in mining." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Two ways to hedge inflation in your portfolio
The Federal Reserve is hoping its higher-for-longer rate stance will help bring inflation down to its 2% target. But so far, inflation has proven to be stubborn and it's likely going to take more time for the Fed to get what it wants. So how do you prepare your portfolio for sticky inflation? GLOBALT Investments Senior Portfolio Manager Thomas Martin has two "fairly easy" ways to help investors hedge inflation risk. Watch the video above to find out what they are. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Stephanie Mikulich.
- FX Empire
Major Commodities Gain Ahead of the NFP
Gold and oil made gains on Wednesday 5 June as weaker preliminary job data from the USA raised hopes that the Federal Reserve (‘the Fed’) might cut its funds rate twice before the end of the year.
