Gold Aug 24 (GC=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-08-28 |
| Open | 2,448.00 |
| Bid | 2,402.80 |
| Last price | 2,456.40 |
| Day's range | 2,395.70 - 2,448.40 |
| Volume | |
| Ask | 2,403.00 |
- Yahoo Finance Video
Stocks dragged down by chip sell, oil prices tick up
The major market averages (^DJI, ^IXIC, ^GSPC) are coming under pressure Wednesday morning, the Nasdaq Composite falling off by over 300 points — or over 1.6% — as semiconductor stocks drag down the tech-heavy indexes. Seana Smith and Madison Mills monitor market moves after the opening bell, joined by Jared Blikre who examines price trends in leading commodities like crude oil (CL=F, BZ=F) and gold (GC=F). 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
Bank earnings, spot ether ETF, US labor data: Market Domination
The weather is sweltering today, but equities are still thriving (^DJI, ^IXIC, ^GSPC) Julie Hyman and Josh Lipton monitor the latest market movements and report on the biggest industry stories heading into Tuesday's market close. Mizuho US chief economist Steven Ricchiuto joins Market Domination to talk about what he is seeing in US labor and employment data and what it could mean about the supposed cooling economy. Bank earnings continue to roll out with Bank of America (BAC), Morgan Stanley (MS), and Charles Schwab (SCHW) reporting results today. CFRA director of equity research Ken Leon comes onto the program to discuss prevalent trends in Big Bank earnings and the direction investment banking businesses could head in the latter half of 2024. Ahead of Netflix's (NFLX) earnings due out on Thursday, July 18, Bloomberg Intelligence senior media analyst Geetha Ranganathan comments on the "very, very high" expectations for the streaming giant that it very well could live up to and even surpass for its past quarter. Other top trending stocks on the Yahoo Finance platform include UnitedHealth Group (UNH), Warner Bros. Discovery (WBD), Adidas (ADS.DE, ADDYY), and cryptocurrency ethereum (ETH-USD) around the expected launch of spot ether ETF products. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Gold hits a new record: What's driving prices higher
Gold (GC=F) has hit new heights amid the rising potential for an interest rate cut from the Federal Reserve. Gold has often done well during times of uncertainty, with ongoing conflicts in the Middle East and the questions swirling around the US presidential election. Blue Line Futures President Bill Baruch joins Market Domination to discuss the rise of gold and how much higher it can go. "Gold has averaged a 6% return within the first 30 days of a Fed cut. So I think we're starting to see maybe some of that pulled forward a bit. But listen, with Trump's probabilities of taking the White House improving, and becoming the favorite, some of the policy we could see is trying to weaken the dollar," says Baruch, adding "If that's the case, gold is priced in US dollars... and that would increase the price. So I think that's... maybe a tailwind for Bitcoin. But I think it's also a tailwind for gold right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
