U.S. Tariffs, Competition in China Hit Temu Owner PDD
Temu is contending with the loss of a tariff exemption for small packages. (Geoffrey Swaine/Zuma Press)
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CBS News
32 minutes ago
- CBS News
Everything to know about gold prices this June
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The potential for another gold price spike is high this June. Getty Images Investors tracking the price of gold in recent years have had a lot to monitor – and for good reason. With inflation spiking to a multi-decade high in June 2022, many investors turned to gold for its safe-haven attributes and its ability to maintain value during inflationary periods. That surge in interest, in part, caused gold prices to spike. And even though inflation has since dropped significantly from that point, the price of gold remains substantially elevated, up by more than 60% since early 2024. Still, if you're looking for a reliable hedge against inflation, a smart way to diversify your portfolio and a tangible asset that you can hold, evaluate and buy and sell with ease, gold is likely the metal for you right now. Before getting started, however, prospective investors should evaluate the gold market closely to ensure that the precious metal aligns with their investing intentions. And that evaluation starts, in part, with understanding a few key items about gold prices this June. Below, we'll examine four key points that investors should know before getting started with the shiny metal. Start exploring your top gold investing options here now. Everything to know about gold prices this June Here are four key items to know about the price of gold this June: The price is down from a recent record high The price of gold as of May 30, 202, sits at $3,307.21 per ounce. And while that may seem high to many, it's actually down by around $100 from the recent $3,400 price record it surpassed toward the end of April. But with expectations that the price will rise again, perhaps in the short term, many may want to buy in now before that happens. Some experts are even predicting a gold price of $4,000 per ounce if market conditions allow. Waiting to invest then may not be beneficial (and you'll lose the aforementioned portfolio protections in the interim). Get started with gold before the price spikes again. The climate is right for another price spike With another inflation reading set to be released on June 11 (this time for May) and another Federal Reserve meeting set for June 18 – both of which have been known to drive gold prices – the climate this June is right for another gold price change, perhaps in yet another upward direction. It's worth monitoring these dates (and some others), then, to more precisely determine an affordable entry price point. And, for existing investors, it may be worth monitoring developments on select June dates for opportunities to sell and turn a quick profit, too. Gold prices typically only rise over time Regardless of any price drops in June, investors should remember that, over time, gold prices will typically only rise. Sure, minor fluctuations and drops in the price are inevitable, but historically, gold prices only increase. All you have to do is look back to that early 2024 timeframe – when gold was barely over $2,000 per ounce – to see this dynamic illustrated. What does this mean for those who haven't yet invested in the metal? It means that waiting may not be smart, as it could risk you being priced out of the gold market altogether. Instead, utilize this time to explore ways to invest in gold without having to pay today's top price. There are still cost-effective ways to invest Sure, today's high gold prices may have limited the scope of investments to explore. But that doesn't mean you need to remain on the sidelines, either. There are still cost-effective ways to get started with gold, like fractional gold which allows investors to buy in sizes smaller than the traditional one ounce. Dollar-cost averaging, meantime, could also be worth exploring as the strategy allows you to consistently purchase gold for a smaller amount of money which, over time, will consolidate into a larger investment. This being noted, no matter which way you invest, be sure to limit gold to 10% or less of your overall portfolio to avoid crowding out other, reliable income-producing assets at the same time. The bottom line Gold prices change daily and investors will need to account for that reality at all times, but particularly this June. By understanding the above four items and strategically applying this knowledge to their individual gold plan, investors can set themselves up for long-term gold investing success, or, potentially, even a quick profit made on an asset traditionally known for sitting idle in a retirement account. Get invested with gold here today.
New York Times
32 minutes ago
- New York Times
C.D.C. Contradicts Kennedy and Keeps Advice That Children May Get Covid Shots
Days after Health Secretary Robert F. Kennedy Jr. announced that Covid shots would be removed from the federal immunization schedule for children, the Centers for Disease Control and Prevention issued updated advice that largely counters Mr. Kennedy's new policy. The agency kept Covid shots on the schedule for children 6 months to 17 years old with a new condition. Children and their caregivers will be able to get the vaccines in consultation with a doctor or provider, which the agency calls 'shared decision-making.' The shots will also continue to be available under those terms to about 38 million low-income children who rely on the Vaccines for Children program, according to an emailed update from the C.D.C. on Friday. However, the picture is less certain now for pregnant women, a group the C.D.C. had considered to be at high risk for a bad outcome from the virus. The official C.D.C. position for pregnant women is 'no guidance,' according to a communication released from the agency Friday. Mr. Kennedy's pronouncement on Tuesday had included a decision to drop the recommendation for pregnant women to receive Covid shots. The C.D.C.'s new guidance on pregnant women is a troubling turn of events for experts familiar with research showing that their risk of stillbirth, hospitalization and death rises if they have Covid. Dr. Michelle Fiscus, a pediatrician and chief medical officer with the Association of Immunization Managers, said that based on federal health officials' statements in recent days, she had expected to see a recommendation for pregnant women to get the vaccine if they had an additional condition putting them at high risk.
Bloomberg
32 minutes ago
- Bloomberg
US Treasuries Set For First Monthly Loss of 2025
Vonnie Quinn highlights the market-moving news you need to know. Today's guests: Goldman Sachs Asset Management Head of Multi Sector Fixed Income Lindsay Rosner, Charles Schwab Fixed Income Strategist Collin Martin, BNP Paribas Head of US Credit Strategy Meghan Robson, and Barclays Head of US Credit Strategy Dominque Toublan. (Source: Bloomberg)
