UBS managing director Jason Katz explains why investors should go long on gold and the Labor Department proposing a 401(k) alternative asset rule on 'Varney & Co.'
Spot prices are poised for a drop of 14.6% in March – the largest monthly fall since October 2008, when gold plummeted 16.8% during the Great Recession. Gold futures had jumped 1.9% to $4,646.10 an ounce as of about 12:15 pm ET Tuesday, while the Dow Jones Industrial Average rose 514 points, or 1.
1%, on news President TrumpWhile heightened geopolitical anxiety typically helps gold’s performance, the conflict has reheated fears of inflation as the Strait of Hormuz crisis pushes oil prices well above $100 a barrel – sending gasoline to $4 a gallon on Tuesday, the highest level since 2022. Warren Buffett's surprising revelation about his relationship with Bill Gates since Epstein scandal came to lightJPMorgan CEO Jamie Dimon has blunt message for Wall Street about Iran war jitters “For so long as the dollar continues to strengthen, the Iran war remains localized and is perceived as having a fairly short duration, and interest rates remain comparatively high, gold will remain weak,” Kenin Spivak, chairman and CEO of SMI Group, told The Post. Markets were largely expecting two interest-rate cuts in 2026 before the US and Israel began strikes on Iran on Feb. 28. Now the Fed’s dot-plot shows just one rate cut this year. As recently as last Friday, traders were pricing more than 50% odds of a rate hike this year – though those odds plummeted after “It is not a trend reversal, it is a reset in positioning that has created the most compelling accumulation opportunity since late 2023,” Tracy Shuchart, senior economist at NinjaTrader, said of declines in gold. “What left the market was the leveraged speculative money, the tourists chasing momentum, and their exit is precisely the kind of washout that sets the floor for the next leg higher,” Shuchart told The Post.Goldman Sachs has maintained its forecast for gold to hit $5,400 an ounce by the end of 2026. There is still uncertainty around how long the war in Iran could last, and whether oil prices could remain elevated long after the conflict winds down since it will take time to repair damaged energy facilities in the Middle East. – though he warned that the US would attack Iran’s power plants, oil wells and key energy hub at Kharg Island if an agreement to reopen the strait is not reached within a week. The president has told aides he is willing to end the US military campaign against Iran even if the Strait of Hormuz – a critical waterway for 20% of the world’s oil – remains largely closed,American Hartford Gold is a top-rated precious metals dealer specializing in gold and silver for physical delivery or within retirement accounts. Known for its transparency, white-glove customer service, and easy-to-navigate onboarding process, the company helps investors hedge against inflation and economic volatility. Whether you’re new to gold or rolling over a 401 into a Gold IRA, AHG provides tailored solutions, real-time market tracking, and secure storage options — all with no hidden fees and a price match guarantee.Goldco is a leading provider of gold and silver IRAs, helping individuals protect and grow their retirement savings with precious metals. With a strong reputation for client satisfaction and financial education, Goldco makes it simple to diversify your portfolio with physical gold, offering personalized consultations, secure vaulting, and tax-advantaged strategies. Its team of experts guides clients through the entire rollover process, offering transparency, competitive pricing, and long-term support.Meanwhile, Trump has reportedly deployed thousands of troops to the Middle East, along with 2,500 Marines. It is unclear whether this should be viewed as an escalation or an attempt to deter Iran from further attacks.Warren Buffett's surprising revelation about his relationship with Bill Gates since Epstein scandal came to lightMartha Stewart says this eyeliner ‘helps a lot’ — and it’s on sale at AmazonStream It Or Skip It: 'Jo Nesbø's Detective Hole' On Netflix, Where A Troubled Detective Tracks Down A Serial Killer Who Is Terrorizing Oslo
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