Precious metal investing spot gold tested $2

Spot gold tested $2,050 resistance before mild profit-taking set in. Chartists view a clean break above this level as a potential new leg higher in precious metal investing momentum trades. Once you’ve figured out your ideal asset allocation, the next step is deciding what to invest in. A solid starting point for domestic equities is an ETF that tracks the S&P 500. These funds offer broad exposure to 500 of the largest U.S. companies, historically averaging around 10% annual returns. They’re low-cost, not actively managed, and provide instant diversification. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Mining cost inflation remains a theme, with Q1 reports showing a 7% YoY increase in AISC. Margin pressure could influence equity selection for precious metal investing portfolios tied to producers.