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a day ago
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US Gold Futures Fall as Traders Await Clarification on Tariffs
(Bloomberg) -- Gold futures in New York declined as traders awaited clarification from the White House over its tariff policy, after a US government agency stunned the market last week by formally ruling that 100-ounce and one-kilogram bullion bars would be subject to tariffs. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms Futures were trading about $62 an ounce over the global spot benchmark on Monday, after surging to a record on Friday before erasing gains as the administration told Bloomberg that it would clarify what it called 'misinformation' on the tariffing of gold and other specialty products. The price differential between trading hubs in the US and London fell below $60 an ounce in reaction to the news, after earlier surging to above $100 in response to the initial levy shock. Washington's policy has sweeping implications for the flow of bullion around the world, and potentially for the smooth functioning of the US futures contract. The administration had exempted the precious metal from duties back in April, and until there is long-term clarity, traders say, precious metals markets will remain on edge. 'We see the various segments of the gold markets behaving in an orderly manner as the industry awaits this potential clarification,' Joseph Cavatoni, senior market strategist for North America at the World Gold Council, wrote in a post on LinkedIn. 'We will continue to monitor the situation and update our research and insights as information becomes clearer.' The precious metal has climbed about 30% this year, although the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market. On Friday, prices closed higher for a second consecutive week to within around $100 of April's all-time high. Traders will be looking to Tuesday's US inflation print for clues on how the Federal Reserve will approach interest rates in the months ahead. Economists expect that consumer prices, excluding volatile food and energy, rose 0.3% in July, quickening from a 0.2% increase the prior month. The central bank has been resisting pressure from President Donald Trump to loosen monetary policy, as it seeks to balance the risks of a cooling job market and still-elevated inflation. Lower rates are positive for non-interest bearing gold. US gold futures were down 1.5% as of 1:47 p.m. in Singapore. Meanwhile, spot gold slipped 0.6% to $3,377.77 an ounce. The Bloomberg Dollar Spot Index edged lower. Silver and platinum fell, while palladium edged higher. --With assistance from Yihui Xie. The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P.
Yahoo
2 days ago
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Ethereum Price Highest Since 2021 Amid Softer Dollar and US Policy Clarity
Ethereum climbed past $4,300 on Saturday, reaching its highest level since late 2021, as investors responded to a weaker dollar, increased institutional interest, and a steady drawdown in exchange-held supply. A weakening U.S. dollar and growing expectations of a Federal Reserve rate cut in September have lifted risk appetite across asset classes. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA Crypto markets have followed suit, with Ethereum outperforming Bitcoin amid signs of rotation and increased accumulation by corporate treasuries and ETF sponsors. Ethereum last traded at $4,244, up more than 43% this month, and its highest since December 9, 2021, CoinGecko data shows. Adding to the momentum, the U.S. Securities and Exchange Commission last week clarified that liquid staking services do not constitute securities offerings, in what could remove a key regulatory overhang for Ethereum. The shift clears a path for greater institutional participation in yield-generating ETH products and strengthens the asset's appeal as a long-term holding, analysts said. Ethereum Cracks $4,000 for First Time in 8 Months Regulators also signaled a broader softening in policy. Certain stablecoins with guaranteed redemption terms may now qualify as cash equivalents under updated accounting guidance. At the same time, new White House directives have authorized crypto allocations in 401(k) retirement plans and barred banks from denying services to crypto firms based on reputational risk alone. Jamie Coutts, chief crypto analyst at Real Vision, told Decrypt the shift in regulatory posture is placing Ethereum 'alongside AI as a cornerstone of innovation and growth for the U.S. economy.' "Ethereum dominates in decentralization and tokenization, metrics that underscore its pivotal role in global blockchain development," he said. "We're also seeing a structural short position unwind as recognition of this is starting to resonate." He added that ETF flows and structural supply reductions via corporate treasuries are 'compounding' Ethereum's price momentum. Ethereum Treasury Sharplink to Raise $200 Million for More ETH Purchases Axel Adler Jr., an independent analyst, echoed that view, citing $5 billion in ETF inflows and record July transaction volume of $238 billion on the Ethereum network. Exchange outflows remain steady at around 33,000 ETH per day, pointing to growing staking activity and reduced sell-side pressure, Adler said in a post on Saturday. Bitcoin's market dominance has also slipped from 62% to below 58% over the past three weeks, as investors rotate into Ethereum amid clearer regulatory guardrails and softer macro data. With the Fed, Bank of England, and global central banks leaning dovish, analysts say Ethereum may continue to benefit from a reflationary trade into year-end. 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
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2 days ago
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If History Repeats, This Unstoppable ETF Can Make You a Millionaire With a $100,000 Initial Investment and $800 Monthly Contributions Over 20 Years
Key Points No other asset class has come close to matching the average annual return of stocks over the long run. Exchange-traded funds (ETFs) can provide instant diversification or concentration with the simple click of a button. This premier ETF offers an industry-low net expense ratio, and the index it tracks has averaged an 8.58% annualized return (not including dividends) over the trailing-20-year period. 10 stocks we like better than Vanguard S&P 500 ETF › 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 There are a lot of ways investors can grow their wealth over time. While acquiring real estate, purchasing Treasury bonds, and buying commodities have all done the trick, no asset class has come particularly close to matching the average annual return of stocks. But the price of admission to Wall Street's greatest wealth creator is volatility. Though no other asset class has matched the annualized return of the benchmark S&P 500 (SNPINDEX: ^GSPC), ageless Dow Jones Industrial Average (DJINDICES: ^DJI), or growth-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) over multidecade periods, getting from point A to point B can oftentimes be a wild ride. For example, between April 2 and July 10, the broad-based S&P 500 endured its fifth-biggest two-day percentage decline since 1950, its largest single-day point increase since its inception, and registered only its sixth gain of at least 25% spanning three months in 75 years. For some investors, picking out individual stocks can be a daunting and/or stressful task. This is where exchange-traded funds (ETFs) can be especially helpful. An ETF is a basket of securities that allows investors to instantly diversify or concentrate their capital. With more than 3,000 publicly traded ETFs to choose from, investors can diversify their capital across hundreds or thousands of stocks with the click of a button, put their money to work in very specific industries or trends, or target value, growth, or dividend stocks. While nothing is concretely guaranteed on Wall Street, one ETF has a flawless track record of delivering for its patient investors. If history were to repeat, amid a very select set of circumstances that I'll touch on in a moment, the Vanguard S&P 500 ETF (NYSEMKT: VOO) has the ability to make you a millionaire. The Vanguard S&P 500 ETF is a millionaire-making machine for patient investors As its name implies, the Vanguard S&P 500 ETF attempts to mirror the performance of the benchmark S&P 500 index. It holds all 503 components in the S&P 500 (three companies have two classes of shares, which is why there are 503 components and not 500) and mirrors their weightings as closely as possible. Over the trailing-20-year period, from Aug. 8, 2005, through Aug. 7, 2025, the S&P 500 has climbed from a closing value of 1,223.13 to 6,340 on the nose. Not factoring in dividends paid, this works out to an annualized return of 8.58%. If history were to repeat and the S&P 500 were able to maintain an 8.58% annualized return rate over the coming 20 years, you'd be surprised at the relatively modest amount of money you'd have to commit to become a millionaire. If you initially invested $100,000 into the Vanguard S&P 500 ETF and committed to add $800 at the end of each month for 20 years ($9,600 annually), an annualized return of 8.58% would leave you with more than $1,000,000 come August 2045: Year Ending Balance Year Ending Balance Year 1 $118,551.91 Year 11 $418,525.74 Year 2 $138,695.57 Year 12 $464,407.16 Year 3 $160,567.56 Year 13 $514,225.20 Year 4 $184,316.17 Year 14 $568,317.63 Year 5 $210,102.41 Year 15 $627,051.19 Year 6 $238,101.10 Year 16 $690,824.09 Year 7 $268,502.09 Year 17 $760,068.71 Year 8 $301,511.48 Year 18 $835,254.52 Year 9 $337,353.07 Year 19 $916,891.26 Year 10 $376,269.87 Year 20 $1,005,532.44 Table by author. Returns compounded annually, not including dividends or net expense ratios. A couple of things to note about the above table. ETFs have net expense ratios, which represent the management fees to operate a fund. Though the Vanguard S&P 500 ETF's expense ratio is minuscule, it's not zero and hasn't been factored into the above return data. However, I've also not included dividends in the return calculation, which more than outweighs the net expense ratio and can potentially speed up the process to make you a millionaire. Based on an analysis from Crestmont Research, the S&P 500 is unwavering over multidecade periods, which is what makes the Vanguard S&P 500 ETF such a trusted moneymaker. Crestmont examined the rolling 20-year total return, including dividends, of the S&P 500 dating back to the start of the 20th century. Even though the S&P wasn't officially incepted until 1923, researchers were able to track the performance of its components in other major stock indexes from 1900 to 1923. This resulted in 106 separate rolling 20-year periods of total return data (1900-1919, 1901-1920, 1902-1921, and so on, to 2005-2024). What Crestmont Research discovered is that all 106 rolling 20-year periods produced a positive total return. Regardless of whether you invested at a temporary market top, during a recession or depression, or navigated your way through a war or pandemic, the S&P 500 would have been higher 20 years later, without fail. Why the Vanguard S&P 500 ETF and not another S&P 500 index fund? Today, there are more than a dozen index funds that aim to track the performance of the benchmark S&P 500. You might be wondering why these other ETFs aren't a better choice to help you potentially become a millionaire. For instance, the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) became the very first U.S.-traded ETF in 1993, with the Vanguard S&P 500 ETF not making its debut until September 2010. Based on first-mover advantage, the SPDR S&P 500 ETF Trust has been a popular choice by investors seeking instant diversification of America's greatest businesses. But there's one notable difference between these two trusted ETFs: their net expense ratios. The SPDR S&P 500 ETF Trust will gobble up 0.09% of invested assets to cover various management fees and expenses on an annual basis. For context, a research report from the Investment Company Institute pegged the average expense ratio for index equity ETFs at 0.15% in 2023. In comparison, the Vanguard S&P 500 ETF has a net expense ratio of just 0.03%, or a third of the SPDR S&P 500 ETF Trust. A six-basis-point difference doesn't make a huge difference if you're dealing with a few thousand dollars or comparing total return data over the span of a couple of years. But if you're investing $1 million or more or holding your position for multiple decades, this six-basis-point gap can add up to thousands or tens of thousands of dollars. Although history doesn't repeat to a T on Wall Street, it does have a tendency to rhyme. This suggests the Vanguard S&P 500 ETF will continue to create millionaires in the decades to come. Should you invest $1,000 in Vanguard S&P 500 ETF right now? Before you buy stock in Vanguard S&P 500 ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vanguard S&P 500 ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy. If History Repeats, This Unstoppable ETF Can Make You a Millionaire With a $100,000 Initial Investment and $800 Monthly Contributions Over 20 Years was originally published by The Motley Fool
Yahoo
2 days ago
- Business
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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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3 days ago
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Gold prices soar to record high as Trump tariffs threaten bullion trade
U.S. gold futures rose to a record high on Friday amid uncertainty over whether the Trump administration's country-specific import tariffs would apply to the most commonly traded sizes of gold bars. Washington may place the most widely traded gold bullion bars in the U.S. under country-specific tariffs, according to a ruling on the U.S. Customs and Border Protection Service's website. 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 That ruling came as a blow to global supply chains for the metal and contributed to the rise in gold futures as markets reacted to its potential impact on the U.S. role in the gold futures market. December U.S. gold futures rose $3,494.10 per ounce as of late morning after hitting a record of $3,534.10 earlier in the session, when the Financial Times first reported the news. Gold Rush 2.0: Americans Cash In As Precious Metal Hovers Near All-time High "Gold's panic ascent shows that even safe haven assets are not immune to the volatility unleashed in the confusion of the tariff age," said Susannah Streeter, head of money and markets at Hargreaves Lansdown in a Reuters report. Read On The Fox Business App "If there is follow-through and no intervention, this could threaten New York's dominance in the gold futures market, given prices have risen sharply compared to other trading centers," she added. Trump 'Liberation Day' Reciprocal Tariffs Take Effect Spot prices eased to $3,394 per ounce but are up 0.9% for the week. The spread between U.S. gold futures and spot prices widened, currently sitting at $100. Analysts noted that they are waiting for further clarity on the issue, adding that a U.S. tariff on gold deliveries could significantly impact Switzerland, which is the world's leading hub for gold refining and transit. Swiss goods are subject to U.S. import tariffs of 39%, and the country is continuing to negotiate with the U.S. about reducing the levies. The Swiss Precious Metals Association raised concerns about the impact of the tariffs on the gold industry, saying it's in an active dialogue with stakeholders on the subject. Reuters contributed to this article source: Gold prices soar to record high as Trump tariffs threaten bullion trade 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
