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Yahoo
2 days ago
- Business
- Yahoo
Gold price today, Tuesday, June 3, 2025: Gold moves higher on tariff uncertainty
Gold (GC=F) futures opened at $3,406.50 per ounce Tuesday, up 1% from Monday's close of $3,370.60. The precious metal price rose to $3,417.80 in early trading hours before falling below $3,400. Gold's modest rise follows reports of escalating trade tensions between the U.S. and China, plus the announcement of a higher tariff on steel and aluminum imports. The news did not prompt a broad stock sell-off, however. The S&P 500 rose less than 1% on Monday, and the CBOE Volatility Index (^VIX) elevated early, but fell throughout the day. The CBOE Volatility Index measures the expected 30-day volatility of the S&P 500. The opening price of gold futures on Tuesday was up 1% from Monday's close of $3,370.60. Tuesday's opening price marks a gain of 2.2% over the past week, compared to the opening price of $3,332.50 on May 27. In the past month, the gold futures price has risen 5.1% from its opening price of $3,239.90 on May 2. In the past year, gold is up 46.7% from the opening price of $2,322.60 on June 3, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy. Learn more: How to invest in gold in four steps Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time. Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities. Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage. Yahoo Finance video: Safe-haven assets: Breaking down what you need to know Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think. Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions. Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
CNBC
3 days ago
- Business
- CNBC
Stocks just had a big earnings season rally. History shows June could be a rough one
If history is any indication, this stellar earnings season and the ensuing May rally mean investors may be in for some rocky times ahead. By all standards, the first-quarter earnings season — which ended last week with Nvidia reporting an earnings and revenue beat — marked the resumption of the artificial intelligence-driven structural bull market, Evercore ISI wrote in a Sunday note. The investment firm noted that this earnings season had one of the biggest rallies of any season since 1992. "1Q Earnings Season was a Blowout (493 S & P 500 companies, 98% of market cap have reported), with S & P 500 Earnings Growth of 13.1% and Sales Growth of 5.0%, surprising by 8.1% and 0.8% respectively," wrote Julian Emanuel, Evercore ISI senior managing director. The results helped propel the S & P 500 to a nearly 6.2% advance in May for its best month since November 2023. Emanuel noted that this blowout season and the subsequent rally have occurred despite uncertainty around President Donald Trump's proposed "big, beautiful" tax bill. However, he said history suggests that investors could be contending with elevated volatility in June. "The precedent for huge rallies during Earnings Season, similar to 1Q25's, is that the month ahead returns are choppy with plenty of volatility," he wrote. Emanuel added that the CBOE Volatility Index, or VIX, Wall Street's fear gauge, has on average gained 19% in the month after a huge earnings-fueled rally. The last time an earnings season was followed by a huge jump for stocks, in 2022, the VIX surged more than 17% the following month. Despite this volatility ahead, Emanuel said investors don't need to worry about revisiting the stock market's lows. "We think there's going to be further runway, but we don't think there's going to be a recession," he said Monday morning on CNBC's " Squawk on the Street ." "As we've seen, the policy tends to, let's say, evolve when we get down to the lows. But we don't think you need to go back there. We just think it needs to be sort of one of these healthier periods where we get more clarity around policy."
CNBC
6 days ago
- Business
- CNBC
Tom Lee says the April selloff has 'rebirthed a new bull market,' likes small caps for second half
Tom Lee says investors are in a new bull market following the April lows, and prefers small caps in the second half of the year as buyers start to look past tariff risk. "I think what happened at the April lows — which was very capitulatory, and that was a huge liquidation event, and we had a VIX spike to 60 — that is the kind of flush and reset that I would associate with a new bull market," Lee told CNBC's " Money Movers " on Friday, referring to the CBOE Volatility Index . "I think we had what was a miniature bear market, but has essentially rebirthed the new bull market." The head of research at Fundstrat Global Advisors expects any dips from here on will be "pretty shallow," given the boost markets can get later in the year from potential deregulation and new tax benefits. He also expects that the Federal Reserve, which has held interest rates steady since December amid tariff uncertainty, will start to ease monetary policy more aggressively in 2026 — another bullish tailwind for stocks. "We still think dips are going to be pretty shallow. It's still the most hated V-shaped rally. I mean, the Covid rally was hated until we made new highs. And the rally from the fall of 2022 was hated until we made new highs. It's not any different this time," Lee said. "While a lot of people are calling a top, I actually think that this is more of a mid-cycle kind of start of a new bull market," Lee added. Lee said he favors a barbell investment strategy, allocating more toward the Magnificent Seven in the near term amid a tech-fueled comeback, and then a preference for small caps in the second half of the year. The Russell 2000 small cap index has been especially punished this year, down more than 7% while the S & P 500 is virtually unchanged, as investors dumped riskier, more indebted companies for safe havens. "As I look at the second half, I think the small caps really have a strong case to be made, because as long as we move towards a tariff resolution, or the markets feel that way, then I think investors can actually start putting flows back into stocks other than the Mag Seven," Lee said.
Yahoo
7 days ago
- Business
- Yahoo
Stock Market News for May 29, 2025
Wall Street closed lower on Wednesday, pulled down by utilities and discretionary stocks. Investor mood was downbeat on what was revealed in the Fed minutes from their May meeting. All three benchmark indexes closed the session in the red. The Dow Jones Industrial Average (DJI) slid 0.6%, or 244.95 points, to close at 42,098.70. Twenty-six components of the 30-stock index ended in negative territory, while four ended in positive. The tech-heavy Nasdaq Composite lost 98.23 points, or 0.5%, to close at 19,100.94. The S&P 500 fell 32.99 points, or 0.6%, to close at 5,888.55. Ten of the 11 broad sectors of the benchmark index closed in the red. The Utilites Select Sector SPDR (XLU), the Materials Select Sector SPDR (XLB), the Energy Select Sector SPDR (XLE) and the Consumer Discretionary Select Sector SPDR (XLY) declined 1.4%, 1.4%, 1.3% and 0.9%, respectively. The fear-gauge CBOE Volatility Index (VIX) increased 1.9% to 19.31. A total of 15.60 billion shares were traded on Wednesday, lower than the last 20-session average of 17.7 billion. Decliners outnumbered advancers by a 2.79-to-1 ratio on the NYSE, while on the Nasdaq, declining issues led by 2.04:1. Investor sentiment turned considerably cautious on Wednesday following the release of the Fed's May meeting minutes. The minutes revealed the central bank's growing concerns about persistent inflation and the potential for stagflation. This was largely attributed to the economic uncertainties stemming from President Trump's tariff policies. The Fed's decision to maintain interest rates between 4.25% and 4.5% reflected a cautious approach, emphasizing a "wait-and-see" stance amid the prevailing economic ambiguities. Officials highlighted that the dual impact of tariffs could simultaneously elevate inflation and suppress economic growth, complicating monetary policy decisions. Per the officials, unemployment could also rise. Also, the minutes revealed concerns about the U.S. potentially losing its status as a global financial safe haven following the announcement of sweeping tariffs. Such shifts in market dynamics signaled to investors a possible erosion of confidence in U.S. assets, further dampening market sentiment. In light of these developments, major U.S. stock indices experienced declines, reflecting recalibrated expectations regarding the Fed's monetary policy trajectory and the broader economic outlook. Utilites and discretionares were the worst hit sectors. Consequently, shares of Edison International EIX and Carnival Corporation & plc CCL fell 3.5% and 2.5%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. A significant factor contributing to the market's underperformance was investor caution ahead of NVIDIA Corporation's NVDA quarterly earnings report. As a leading AI chipmaker, Nvidia's performance is closely watched, and anticipation of its results, which were to be reported after markets closed, led to a holding pattern. No economic data was released on Wednesday. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
28-05-2025
- Business
- Yahoo
Stock Market News for May 7, 2025
Wall Street closed lower on Tuesday, pulled down by health care, tech and discretionary stocks. Investor mood was grim on the White House's continued see-sawing on global trade deals, and economic data showing a historic trade deficit. Investors also awaited the Fed's policy decision. All three benchmark indexes closed the session in the red. The Dow Jones Industrial Average (DJI) slid 1%, or 389.83 points, to close at 40,829.00. Twenty-two components of the 30-stock index ended in negative territory, while eight ended in positive. The tech-heavy Nasdaq Composite fell 154.58 points, or 0.9%, to close at 17,689.66. The S&P 500 fell 43.47 points, or 0.8%, to close at 5,606.91. Nine of the 11 broad sectors of the benchmark index closed in the red. The Health Care Select Sector SPDR (XLV), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) declined 2.8%, 0.9% and 0.9%, respectively, while the Utilities Select Sector SPDR (XLU) advanced 1.2%. The fear-gauge CBOE Volatility Index (VIX) increased 4.7% to 24.76. A total of 14.77 billion shares were traded on Tuesday, lower than the last 20-session average of 18.9 billion. Over the past few weeks, Wall Street has recovered from the losses arising from Donald Trump's early-April announcement of plans to impose hefty tariffs on leading trading partners, primarily targeted at China. Investors have remained optimistic that the Trump administration will negotiate trade deals soon to end this tariff war. However, during his meeting with Canadian Prime Minister Mark Carney on Tuesday afternoon, Trump retracted from the promises that trade deals were on the horizon, saying, 'We don't have to sign deals.' Earlier this week, Treasury Secretary Scott Bessent said, 'We're very close to some deals,' following up on Trump's Sunday comments that agreements could come as early as this week. What the President said on Tuesday is in direct contradiction to the earlier ones, and the markets felt the jitters. The health care sector came under pressure on Tuesday on reports that the Food and Drug Administration had named Dr. Vinay Prasad, a vocal critic of the Covid-19 response, as its top vaccine official. Consequently, shares of Moderna, Inc. MRNA and Merck & Co., Inc. MRK lost 12.3% and 4.6%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. On Tuesday, oil prices rose 3% on expectations of higher demand in Europe and China, lower production in the U.S. and tensions in the Middle East. In the previous session, prices had fallen to a four-year low. Brent crude rose $1.92, or 3.2%, to close at $62.15/barrel, WTI crude added $1.96, or 3.4%, to close at $59.09/barrel. Per a government report, the trade deficit for March came in at a historic high for the month, $140.5 billion. This is much higher than $137.5 predicted for the period. The number for February was revised up to a deficit of $123.2 billion from the previously reported $122.7 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Moderna, Inc. (MRNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
