Fed's Bowman Backs a September Rate Cut
In a speech at a bankers' conference in Colorado Springs, Colo., on Saturday, Bowman said a bleak jobs report last week reinforced the concerns that led her to dissent against the central bank's decision to hold rates steady in July rather than cut.
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Delta plane wing clips empty aircraft during pushback from gate in Atlanta
ATLANTA (AP) — A Delta Air Lines plane clipped another aircraft while pushing back from the gate Sunday morning in Atlanta, the airline said. The wing of the plane 'reportedly made contact' with an empty aircraft, Delta said in a brief written statement to The Associated Press. The flight was scheduled to travel from Atlanta to Guatemala City, according to FlightAware, a website that tracks flight disruptions. Passengers were transferred to another plane following a delay. On board the commercial aircraft were 192 customers, two pilots and four flight attendants. No injuries were reported, according to Delta, which has its headquarters in Atlanta. Additional information on the incident was not immediately available. The Associated Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Analyst expects gold to fall off the 'Wall of Worry'
Analyst expects gold to fall off the 'Wall of Worry' originally appeared on TheStreet. Investors have been climbing the proverbial wall of worry to new record highs on the stock market this year, fearful with each step that the market is about to have a reversal. Meanwhile, gold's move to record highs has been far more impressive, and buyers seem to have no worry that the end of their rally is in sight. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation Stocks, as measured by the Standard & Poor's 500, were up roughly 9.4% through August 8 – though they were up nearly 28% since the market bottom on April 9, the day when President Donald Trump paused tariffs just days after announcing them. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Meanwhile, gold has soared by 29.5% this year, through August 8, standing at roughly $3,460 an ounce. Its gain since the post-tariff announcement low is roughly 18%, but gold also didn't suffer as much as stocks in the meltdown that accompanied the tariff news. The three-year annualized average return on gold, as measured by SPDR Gold Shares () , is 23.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Gold benefits more from global chaos than inflation Gold's rise hasn't been as a result of its traditional role as a hedge against inflation, because it normally takes a protracted time period with prices rising by more than 5% for gold to kick in that way. Instead, gold has been seen as an ideal hedge against geopolitical risk, the fighting in Ukraine and Gaza, the prospect of trade wars coming from the tariffs, and more. With no end in sight to those problems, plenty of investors have become gold bugs, looking to precious metals for protection and profits in times of uncertainty. More investing: Analyst says popular meme stock is worth less than zero Veteran fund manager turns heads with Palantir stock price target Top analyst sends Apple CEO bold message about its future And while buying gold now – or stocks, for that matter – can feel a bit like showing up late to the party, most industry watchers are suggesting that full-steam ahead is more likely than some reversion to the mean. While there is no shortage of caution and nervousness, there is no widespread call for recession even into 2025. Plenty of market observers saying that rate cuts (whenever they start) and the economic benefits of deregulation – the next big component of President Trump's economic plan – will offset the headwinds to keep things moving forward, albeit moderately. And plenty of gold analysts make a case for the gold rally to continue. 'This gold bull market might be a little bit old in the tooth … it started in 2016,' said Thomas Winmill, manager of the Midas Discovery Fund () , in an interview on the August 4 edition of "Money Life with Chuck Jaffe." 'It's up over 300% in those nine years. That has not happened very often. The average bull market for gold is about 53 months, according to my research, and this is over 110, almost twice the normal length.'Still, Winmill insisted gold is not overpriced: 'If you adjust the former high, which was reached back in 1988, for inflation, we're actually below that high, which inflation-adjusted would be about $3,500 an ounce.' 'The basket of gold stocks represented by the Gold Bugs Index hit a high of 600 in August of 2011 when the gold price hit 1800,' Winmill added, 'and that index is well below that now, in the 400 range, about 430. So, on that score, we've got 50% to go in gold stocks." A "sell-the-rallies market for gold and silver" On the other side of that trade is veteran commodities and futures analyst Carley Garner, senior strategist at DeCarley Trading, who said in an interview from the August 5 edition of "Money Life" that it's a 'sell-the-rallies market in both gold and silver, and the reason I think that is I believe the U.S. dollar has bottomed, and I think it will continue to work its way higher.' Garner said that move in the dollar changes the landscape for a lot of commodities, but particularly the metals, and especially in times when gold 'is probably the most volatile it's ever been.' It's not the volatility that concerns Garner so much as the price, especially because, she said, 'A lot of people are putting money in gold just because it's going up.' 'But I've lived through 2011,' she added, 'and I remember all of the same stories that are circulating in gold, all the reasons to buy it. 'The central banks are buying this and that. You can't trust the dollar,' so on and so forth. 'All of those things were narratives in 2011, and gold topped, and then took a 50% haircut, and it took a decade to get back.' Garner added that a 50% haircut is not just a possible scenario, but also 'might actually be what could be around the corner.' Beyond gold, stocks could get hammered, too Garner noted that she isn't trying to predict anything, but rather is reading the probabilities. While her take on gold is sour, her take on the stock market isn't much better, with a probability of being much lower than current levels before it can trade significantly above them. She noted a trend line in the monthly chart of the S&P 500 futures, looking at high points, that 'comes in right around 6,000 [on the S&P index]. So can we go above 6500? Sure. But the odds that we see higher than that here in the next handful of months, are pretty slim. A more likely scenario is we get continuation of the consolidation or the pullback. But the problem is, I don't see any good support on a monthly chart until we get into the low 5000s.' In her personal portfolio, Garner noted that she is heavily overweight Treasury securities. She has used this strategy before to ride out rough patches until the market made her more optimistic. 'Treasuries, regardless of where you look at the curve, are paying 4% to 5%,' Garner said. 'And if you hold expiration, you get that money.…So I'm just playing the odds here. And the odds are Treasuries are [a] much better buy than stocks.'Analyst expects gold to fall off the 'Wall of Worry' first appeared on TheStreet on Aug 10, 2025 This story was originally reported by TheStreet on Aug 10, 2025, where it first appeared.
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27 minutes ago
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As Dollar Plummets, Is Now a Good Time To Invest in Gold?
The U.S. dollar is in the midst of its worst slump in decades amid uncertainty over President Donald Trump's economic strategy and plans for the Federal Reserve. This might be bad news for the greenback but it could be good news for gold investors. Discover More: Check Out: On Jul. 21, gold prices touched a new monthly high of about $3,380 per ounce, Yahoo Finance reported. That's down from an all-time high of $3,500.05 per ounce set in April, but gold prices are still up more than 20% year-to-date. Prices could push even higher in the months ahead, experts say. If you're considering investing in the metal, now might be a good time. Slumping Dollar = Strengthening Gold The weakening dollar has played a big part in gold's recent surge. The dollar has slumped more than 10% so far in 2025, NPR reported. During the first half of the year it posted its worst six-month decline since 1973. This is the case even though the U.S. economy is still pretty strong and the stock markets have rallied from their April lows. Despite those positive trends, the dollar continues to suffer under the weight of economic and financial uncertainty. Consider This: As The New York Times reported, Trump's tariff plans — combined with inflation worries and rising government debt — has hurt confidence in the U.S. economy. The dollar has also been dinged by Trump's rocky relationship with Federal Reserve Chairman Jerome Powell, whose job could be in peril due to his unwillingness to lower interest rates, which Trump favors. Should You Invest in Gold? So how does all this affect gold? According to a blog from CME Group, the relationship between gold and the dollar has 'historically been inverse.' This means that when the dollar weakens, then gold strengthens and vice versa. Because the dollar has been weakening lately, gold is considered a safe haven for investors. As Fortune noted, gold is a 'reliable, risk-averse asset' during periods of economic uncertainty. This was demonstrated on Monday, when the price of spot gold climbed higher as the dollar weakened, CNBC reported. 'The modest support… comes from a weaker U.S. dollar,' UBS commodity analyst Giovanni Staunovo told CNBC. 'With the tariff [Aug.] 1 deadline coming closer, the market focus will be if trade deals are announced, or tariffs are implemented.' Another expert who recently touted gold as an investment is Adam Turnquist, chief technical strategist at LPL Financial. 'Gold remains a bright spot thanks to central bank demand and geopolitical risks,' Turnquist noted in email comments shared with GOBankingRates. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The New Retirement Problem Boomers Are Facing Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on As Dollar Plummets, Is Now a Good Time To Invest in Gold? Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
