Wells Fargo’s Chris Harvey is reluctantly Street’s new biggest bull
Wall Street’s new biggest bull is growling a bit like a bear. Wells Fargo Securities’ Chris Harvey hiked his S & P 500 year-end price target by about 20% this…
Gold demand hit record highs in 2023 amid geopolitical risks, China weakness
Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs…
NewEdge Wealth sees record rush intensifying
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s…
Substituting cryptocurrency for gold exposure may be a costly mistake
Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for…