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Amid a chaotic stock market, the price of gold reaches historic high. What you should know [Yahoo! Finance]
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President Donald Trump 's economic policies, is driving investors towards one of the more stable investments: gold. The precious metal soared past $3,200 an ounce on Friday after Trump's tariffs caused global markets to froth, raising concerns about inflation and a global recession, according to Reuters. While the president halted most duties, he boosted China's rates to 145% , prompting Beijing to lift its tariffs on U.S. goods to 125%. "We expect gold's rally to extend into next year and for prices to stabilize at higher levels further out." UBS analysts expect prices to peak at $3,500/oz this year. Whether it's a good time to buy gold depends on various factors, including your investment goals, risk tolerance and time horizon, the broader economic outlook, and forecasts about the gold market. Historically, many people view gold as a hedge against inflation and currency fluctuations, according to Investopedia . Others see it as a store of value during economic downturns. At
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- Costco Wholesale (NASDAQ:COST) had its "mixed" rating reaffirmed by analysts at Wells Fargo & Company.[MarketBeat]
- Anthem and Rencor Sign Costco to Springbank's Bingham Crossing Centre [Yahoo! Finance][Yahoo! Finance]
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- Salad dressings recalled in 27 U.S. states because they could contain "foreign objects" [CBS News][CBS News]
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