Gold Has Hit A New High

[] Gold hit a new high today as investors continue to flock to the metal leading up to the Fed’s expected rate cut in September. [] [] [] Gold Has Hit A New High Gold hit a new high today as investors continue to flock to the metal leading up to the Fed’s expected rate cut in September. Now, keep in mind Jerome Powell is set to speak this upcoming Friday and investors are looking for any signs or hints as to what can be expected at September's FOMC meeting. The spot price for gold surged above $2,525 per ounce on Tuesday while gold futures slated for December delivery climbed above $2,560 per ounce. Gold purchases by banks hit a record high in the first quarter of this year and have helped to drive up gold prices further while turbulence in the economy and political landscape have helped to drive more investors towards the safe haven asset. In fact, gold futures are already up over 23% this year making gold one of the best-performing metals of the year: [] The Chief Investment Officer for the Americas at UBS had this to share: “We see gold prices rising to USD 2,600/oz by the end of 2024 amid firm demand from central banks and a likely rise in activity from exchange-traded funds.” So, why does that matter? Well, if you’ve been following my trades you’ll know that I’ve been dabbling with gold some lately and, in fact, we put on a gold trade this past Friday that’s doing quite well. And gold still has quite a bit of room to run. The next catalyst for gold is expected to be Jerome Powell’s press conference on Friday at the Jackson Hole Economic Symposium. Investors are looking for any sign of a rate cut by the Federal Reserve next month. And today, according to the CME FedWatch tool, there is a 71.5% chance the Fed will reduce rates by 0.25% at September’s FOMC meeting. Meanwhile, the likelihood of a 0.50% cut stood at about 28%. On the gold front, the anticipation of potential rate cuts is what is driving investors toward gold as a safer asset. In fact, gold-backed ETFs have now seen inflows for three months in a row as Wall Street and big banks begin preparing for rate cuts. [] Hopefully for the sake of our positions in gold, the big banks and Wall Street will be right. By the way, I highly recommend you subscribe to my free telegram if you haven’t already, there I post market commentary, trade ideas, and more – all for free. [Click here]( to join! — Nate Tucci [] Gold Has Hit A New High Gold hit a new high today as investors continue to flock to the metal leading up to the Fed’s expected rate cut in September. Now, keep in mind Jerome Powell is set to speak this upcoming Friday and investors are looking for any signs or hints as to what can be expected at September's FOMC meeting. The spot price for gold surged above $2,525 per ounce on Tuesday while gold futures slated for December delivery climbed above $2,560 per ounce. Gold purchases by banks hit a record high in the first quarter of this year and have helped to drive up gold prices further while turbulence in the economy and political landscape have helped to drive more investors towards the safe haven asset. In fact, gold futures are already up over 23% this year making gold one of the best-performing metals of the year: [] The Chief Investment Officer for the Americas at UBS had this to share: “We see gold prices rising to USD 2,600/oz by the end of 2024 amid firm demand from central banks and a likely rise in activity from exchange-traded funds.” So, why does that matter? Well, if you’ve been following my trades you’ll know that I’ve been dabbling with gold some lately and, in fact, we put on a gold trade this past Friday that’s doing quite well. And gold still has quite a bit of room to run. The next catalyst for gold is expected to be Jerome Powell’s press conference on Friday at the Jackson Hole Economic Symposium. Investors are looking for any sign of a rate cut by the Federal Reserve next month. And today, according to the CME FedWatch tool, there is a 71.5% chance the Fed will reduce rates by 0.25% at September’s FOMC meeting. Meanwhile, the likelihood of a 0.50% cut stood at about 28%. On the gold front, the anticipation of potential rate cuts is what is driving investors toward gold as a safer asset. In fact, gold-backed ETFs have now seen inflows for three months in a row as Wall Street and big banks begin preparing for rate cuts. [] Hopefully for the sake of our positions in gold, the big banks and Wall Street will be right. By the way, I highly recommend you subscribe to my free telegram if you haven’t already, there I post market commentary, trade ideas, and more – all for free. [Click here]( to join! — Nate Tucci [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](