- It is not easy being a gold investor as the U.S. economy continues to see healthy growth and equity markets climb higher; however, according to one market analyst, right now might be the best time to be a contrarian and protect your portfolio.
Although general investor optimism could weigh on the gold market as prices trade at a three-month low and test initial support around $1,900 an ounce, Groh said now is a strategic time to look at gold. He explained that investors need to recognize gold's value as a long-term diversification tool instead of looking for quick gains.
Groh noted that it is challenging to be a contrarian investor as they are constantly forced to question the prevailing narrative. Using the latest FOMO momentum in artificial intelligence in the tech sector, Groh said that investors should examine the narrative of how this is expected to change the world.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis | 2023 NBA free agency: Doug Smith’s 10 names to watch when market opens upThe list of available players Friday is an impressive mix of NBA veterans seeking another big payday and youngsters wanting their first big contract.
Source: TorontoStar - 🏆 60. / 55 Read more »
Doug Ford called out for investing in hospitals near his cottage as Ontario ERs closeAs Ontario's healthcare system struggles to recover from COVID-era backlogs and severe staffing challenges, residents are fearing the worst — inclu...
Source: blogTO - 🏆 44. / 63 Read more »
Doug Ford putting pressure on Justin Trudeau to help TorontoToronto must get its “fiscal house in order” and Ottawa will have to step up to help the cash-starved city, says Ontario’s premier.
Source: TorontoStar - 🏆 60. / 55 Read more »
ANALYSIS | Doug Ford vs. Olivia Chow: How will Ontario's premier and Toronto's new mayor get on? | CBC NewsAfter winning Toronto's mayoral byelection, Olivia Chow now faces what could be a far tougher challenge: winning support for her agenda from Premier Doug Ford.
Source: CBCToronto - 🏆 51. / 61 Read more »
Ontario Tory insiders worry they could lose PC stronghold in Ottawa, as Doug Ford sets byelection dates for two ridingsOntario Tory insiders worry as byelections called in Toronto and Ottawa: ‘Liberals are stronger there than we thought’
Source: TorontoStar - 🏆 60. / 55 Read more »
Snelgrove Files Appeal With Supreme Court of CanadaDoug Snelgrove is attempting to appeal his conviction for sexual assault to the highest court in the country. ...
Source: VOCMNEWS - 🏆 74. / 51 Read more »