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James Richman, chief executive and chief investment officer at JJ Richman told Markets Insider: "Gold needs to take a breather and pull back a little lower first before we can talk about any continuous rising from this point. In a letter to clients last month, he said its fair value is "multiples of its current price. But analysts told Markets Insider that markets are too optimistic about the precious metal and the outlook remains uncertain. Yung-Yu Ma, chief investment strategist at BMO Wealth Management, said gold prices took "investors on a wild ride"' during the great financial crisis. He added: "Currently, what's behind a lot of gold's rise is actually the collected enthusiasm and optimism around it, not necessarily its intrinsic fundamental drivers.

Gold prices fail to find support as investors parse historic U.S. jobs report for April

James Richman, chief executive and chief investment officer at JJ Richman told Markets Insider: "Gold needs to take a breather and pull back a little lower first before we can talk about any continuous rising from this point.

In a letter to clients last month, he said its fair value is "multiples of its current price. But analysts told Markets Insider that markets are too optimistic about the precious metal and the outlook remains uncertain. Yung-Yu Ma, chief investment strategist at BMO Wealth Management, said gold prices took "investors on a wild ride"' during the great financial crisis. He added: "Currently, what's behind a lot of gold's rise is actually the collected enthusiasm and optimism around it, not necessarily its intrinsic fundamental drivers.

Many analysts forecast an increase in gold prices in the coming months as a result of the coronavirus pandemic. Ma said annual compound returns of gold for the last years have been about 1.

Robert R. Johnson, professor of finance at Heider College of Business, Creighton University, said: "Gold and silver are speculative investments, based on the Greater Fool Theory. The price of gold is not determined by its intrinsic value but simply by its expected selling price to someone in the future.

Here are 4 ways he says investors can reduce risk and thrive financially in the long term. Johnson added: "Once the coronavirus pandemic subsides, investors will likely sell off some of their gold holdings. While there are some 'gold bugs' that will cling to their gold investments, once fear subsides, the price of gold will likely fall," he added.

Richman said: "Right now, I'd put more money into defensive stocks such as GE General Electric , which will soon show signs of recovery and will yield actual returns, not just preserve your assets during the current conditions. Buying corporate debt usually reduces relative yields and lowers the opportunity cost of holding gold. He added: "Obviously, there will be pockets of supply disruptions and demand pressures but overall, we do not see inflation a near term problem and therefore do not see a reason to rush into gold.

I believe that it could still be a few years until commodities enter their new bull super-cycle. Oil prices have faced intense upside and downside volatility over the last month. US oil prices turned negative for the first time in history over a fortnight ago , due to lack of storage space, and lower demand for the fuel as economic activity has taken a beating during the pandemic.

Investors are rushing into gold to maximize returns during the pandemic, but analysts urge investors to "take a breather". Saloni Sardana. But James Richman, chief executive and chief investment officer at JJ Richman said: "Gold needs to take a breather and pull back a little lower first before we can talk about any continuous rising from this point. Track the price of gold live here.

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wiacek.com.au - The No. 1 gold price site for fast loading live gold price charts in ounces, grams and kilos in every national currency in the world. Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur.

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Gold is a chemical element with the symbol Au from Latin : aurum and atomic number 79, making it one of the higher atomic number elements that occur naturally. In a pure form, it is a bright , slightly reddish yellow, dense, soft, malleable , and ductile metal.

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Here’s what gold does when the U.S. government goes on a borrowing binge

Five ways to invest in gold. Gold prices ease on firmer equities. Gold rate eases on profit booking. All rights reserved. For reprint rights: Times Syndication Service.

What makes Jim Rogers extremely bullish on gold & silver?

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Close 1, Because of its physical properties, it is resistant to air, moisture, heat and many solvents.

Gold futures settled lower on Friday, as traders parsed data showing a loss of more than 20 million U. The coronavirus pandemic destroyed Still, the loss of jobs was less than the

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The U. If history is a guide, that should be a positive for gold, a closely followed Wall Street chart watcher noted Thursday. DeGraaf said a rise in outstanding debt issuance year-over-year tracks very closely to forward returns for gold. June gold GC00, Gold can see its haven appeal diminished as stocks rise, while a stronger U. But some analysts have argued that gold should find support even if stocks continue to push higher in a rebound from their March 23 lows as investors look for a hedge against any downside shocks in coming weeks or months as the damage from the pandemic becomes clear.