Investing.com - Gold prices moved little in Asian trade on Friday, sticking above key levels as markets awaited a potentially softer U.S. nonfarm payrolls reading, which comes just days before a Federal Reserve meeting.
Investing.com-- Gold prices moved little in Asian trade on Thursday as traders hunkered down in anticipation of more cues on a cooling U.S. labor market, while focus also remained on when the Federal Reserve planned to begin trimming interest rates.
Gold prices (GC=F) have shot up to an all-time high earlier this week as the commodity rallies this late into 2023. VettaFi Financial Futurist Dave Nadig is calling gold an "inbetweener asset" positively performing in the middle of bonds and stocks this year. Nadig joins Yahoo Finance Live to explain how investors can find exposure to gold through ETFs, while also discussing bond market exposures and "momentum" trading. "Consider this sort of the Cybertruck of assets, it's the one you hold for the apocalypse, and what we have seen as folks pile into ETFs," Nadig says. "Now, unfortunately what we see is people pile into the ticker they know, which in this case, would be GLD. It's a household name, but it's consistently underperformed two other cheaper versions of the exact same exposure." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.