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Gold prices futures dipped to $2
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Gold prices futures dipped to $2,318 in European session as profit-taking emerged after a five-day winning streak. Commodities analysts suggest a support zone at $2,300, with upside potential if U.S. CPI figures show easing price pressures later this week. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. “At Wealthfront, we don’t include gold in our recommended portfolios for a few reasons. First, unlike stocks or bonds, gold doesn’t have any cash flows associated with it, and thus isn’t an investment in the same way. Buying gold is merely betting that the price will go up. It’s also taxed at a rate that’s generally higher than other investments. Finally, although it is sometimes considered a safe haven asset, it can be significantly more volatile than holding, for example, high-quality bonds. Gold prices futures are fluctuating near $2,331, supported by steady crude oil prices which reduce inflation worries. Lower energy-driven inflation risk typically aligns with more stable gold valuations.