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Gold Apr 15 (GCJ15.CMX)
| Pre. Settlement | N/A |
| Settlement date | N/A |
| Open | 0.0000 |
| Bid | 0.0000 |
| Last price | 0.0000 |
| Day's range | 0.0000 - 0.0000 |
| Volume | |
| Ask | 0.0000 |
- Yahoo Finance Video
Gold prices will reach $3K in coming months: Analyst
Citigroup (C) has forecast that gold prices (GC=F) could reach $3,000 per ounce over the next few months. The analyst behind the call, Citi North America Head of Commodities Research Aakash Doshi, joins Yahoo Finance to discuss his outlook. Doshi states that the "big driver" behind his $3,000 per ounce target is the expectation that financial demand for gold will "catch up to what is strong physical" demand. He notes that demand has surged in the post-pandemic period, with central banks in emerging markets buying "record amounts of gold," solidifying the strength in the "physical demand pool." According to Doshi, the heightened central bank buying has served two critical functions: "It has lifted the gold price floor and it's also damped downside price volatility." He explains that central bank demand, which accounts for 25 to 27% of annual gold consumption, is an important factor supporting the market. With gold already trading at "all-time highs," Doshi believes the support base for gold prices will lie between $1,900 and $2,000 per ounce, with the commodity expected to trade "above that benchmark" going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- Yahoo Finance Video
Why the oil market is shrugging off concerns about Israel, Iran
Oil prices (CL=F, BZ=F) are relatively flat despite concerns about an Israeli response to Iran's aerial attack over the weekend. Given that the attack was expected and damage was limited, traders have seemingly shrugged off concerns about potential issues. In the video above, Yahoo Finance's Ines Ferré discusses why the oil market's reaction to the rising tensions has been muted. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
Earnings surprises will likely be to downside: tastylive CEO
Is now truly the most exciting time to be an investor? tastylive Founder and CEO Tom Sosnoff joins Yahoo Finance in-studio to weigh in on the retail investor environment, gauging commodity price trends forming around gold futures (GC=F), the crypto space, and expectations for the first-quarter earnings season. "The last earnings cycle surprised I think everybody to the upside. Every earnings cycle is incredibly random. When you break down the numbers afterward, you're essentially talking 50-50," Sosnoff explains, expecting surprises "to the downside" this earnings season. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
