President Donald Trump announced Monday that the US would hit products from Japan and South Korea with 25% tariffs, sending shares of Toyota and Honda down. The US-listed shares of South Korean companies SK Telecom and LG Display slid in midday trading following President Donald Trump’s announcement of 25% on the country. The move is part of Trump’s rush to overhaul US trade policies that have served as a steady source of uncertainty for markets, which has helped bolster demand for gold, a safe-haven asset. The two Asian nations now have a narrow three-week window to open their markets to American products and manufacture more in the US to avoid his unilateral levies. White House press secretary Karoline Leavitt said that 14 letters will be sent on Monday, with more to be expected in the following days.
- The spot price updates in real time based on global trading activity.
- Gold may or may not be a particularly good inflation hedge, but there’s little doubt that it has held its value over the long term.
- Keep your gold in a hidden, non-obvious location that only you know about, and use a solid, fireproof safe that’s bolted down if possible.
- Owning physical gold makes sense for long-term investors who want absolute security.
- Angelo Douglas is a seasoned writer with a passion for creating informative and engaging content.
The duty would be charged on top of any other tariffs and there would be no exceptions to the policy, Trump said in a Sunday-night post on Truth Social. BRICS is a grouping that includes Brazil, China, South Africa and India. Shares of telecommunications company SK Telecom — which is part of SK Group, one of South Korea’s largest conglomerates — fell more than 7%. The pricing move staved off a rout in oil after a simultaneous decision by eight OPEC+ nations to increase supply more rapidly than expected, adding 548,000 barrels a day in August, with more expected in September.
Quick Guides to Investing
When fear spreads through equity markets, investors shift to gold, and its prices increase. These instances show how vital gold is in preserving capital during real-world crises. Owning physical gold makes sense for long-term investors who want absolute security. When markets turn volatile and confidence in the financial system wavers, there’s nothing quite like gold you can hold. Please bear with us as we address this and restore your personalized lists. To buy gold, you need to consider the spot price, which reflects the dynamic forces of the commodities market.
For example, the formation of a new government and strong reform expectations triggered a bull market in 2014. Nifty rose as a result of steadfast investor confidence, while gold prices declined. This was because during the bull run, capital moved from defensive assets (like gold) to growth-focused equities.
Exchange-Traded Funds Slightly Higher, Equity Futures Mixed Pre-Bell Friday as Geopolitical, Trade Risks Mount
Gold mining stocks give investors a way to play gold without holding the metal itself. They can offer leverage when gold prices rise, and some even pay dividends. Big names like Barrick Gold (GOLD), Newmont (NEM), and Franco-Nevada (FNV) are familiar to commodity-focused equity investors. Spot gold prices are typically quoted in US dollars per troy ounce and are updated in real-time. This allows investors to track the current price of gold and make informed decisions about their investments.
Sales are in an overall uptrend although they don’t generally increase every year. Earnings can be erratic but analysts expect strong growth over the next five years, including a 42.9% EPS jump this year. Harmony has minimal analyst coverage, hence the lack of a five-year EPS forecast.
Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two years. European natural gas prices edged higher as traders eyed US President Donald Trump’s fast-approaching tariff deadline and the impact levies will have on global economic activity. Treasury Secretary Scott Bessent said Monday that the US will make several trade announcements in the next 48 hours. The first announcement from Trump placed tariffs of at least 25% on goods from Japan and South Korea starting August 1. Details on sectoral tariffs geared toward boosting US industrial production, including of aluminum, steel and copper, are still under discussion.
Boosted welcome offer: Earn 100K points for future travels with the Amex Business Gold
Anna, an in-house journalist in Lriko.com, holds a profound understanding of the precious metals markets. In her role, she is chiefly responsible for updating the community with insights and analysis on the gold and silver markets. top-4 best candlestick patterns for 2024 With experience dating back to 2014, Anna is a Futures trader who engages in Energy Futures, Gold, Indices, Stocks, and other instruments.
SPDR Gold Shares Overview SPDR State Street Global Advisors / Commodities Focused
In conclusion, the ticker symbol for gold, represented by XAU, plays a pivotal role in the global financial markets. Whether used in the context of gold futures contracts, ETFs, or forex trading, the XAU symbol serves as a universal shorthand for identifying and trading this precious metal. As a timeless symbol of wealth and stability, gold continues to captivate the financial world, and the XAU ticker symbol remains a key to unlocking its mysteries.
- Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
- It enters into purchase agreements with mines and then sells the gold.
- These instances show how vital gold is in preserving capital during real-world crises.
- For those looking to benefit from both commodity trends and equity growth, gold stocks offer a compelling opportunity.
The United States will impose 25% blanket tariffs on imports from Japan and South Korea starting August 1, President Donald Trump revealed Monday. The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers including the bank’s president, John Williams. A 100% “surge in power outages” is expected within five years if planned power plant closures remain on schedule without new units to replace them, the Energy Department, which is releasing the report on Monday, said in a statement. “Staying on the present course would undermine U.S. economic growth, national security, and leadership in emerging technologies,” it said.
By selecting different ranges, you can focus on more recent historical prices. For example, selecting ‘Y’ will show you gold price action over the last 12 months, while ‘2Y’ will show you the trend over the last two years. The price of gold can also be affected by changes in interest rates. Lower interest rates can make gold more attractive to investors, causing its price to rise. The gold market is a global marketplace where gold is bought and sold.
It’s influenced by various factors, including supply and demand, interest rates, and inflation. If you’re serious about purchasing gold stocks, discuss your ideas and strategy with a financial advisor. Whether you choose to buy physical gold or gold stocks depends upon your own goals and requirements. If you’re looking to hold gold stocks in your portfolio over the long term, you should be mindful of the industry’s volatile nature. Dividend yield was not a selection factor, but all the stocks on this list except for one pay a dividend.
One of the most overlooked downsides of gold stocks is their correlation to the broader equity market and their more volatile nature. When panic hits, and investors start selling and gold mining stocks often get lumped in with the rest. These firms don’t mine gold themselves but finance miners in exchange for a percentage of future production or revenue—offering lower operational risk and exposure to gold prices. Track the spot price of gold on Google, NYMEX, or COMEX for real-time updates. Be aware that retail gold prices will be higher than the spot price, so be cautious of deals that claim to beat the spot price.
Update: Gold a Trading Higher as the Dollar Weakens Following U.S. Attacks on Iran
Leveraging detailed knowledge of Elliott Wave and Price Action, she skillfully reads charts down to the most granular level, identifying well-timed, high-probability Intraday and Swing trades. If you have the space to store gold and want to own a tangible asset, physical gold may be the better choice. However, if you’re simply looking to profit from changes in gold prices, gold stocks may be a better option. Buying and selling physical gold will typically involve much higher transaction costs than buying and selling gold stocks. Spot gold price charts update every minute automatically, displaying the current price of gold in real-time. This allows investors to track market trends and make informed decisions.
From 2013 to 2023, gold prices rose roughly 55%, while the GDX ETF (Gold Miners Index) gained just over 12%, weighed down by company-specific headwinds and weak investor sentiment. In the past five years, gold has gained about +95%, while the world’s largest gold miner (Newmont) is up only +1.6%, and Barrick Mining Corporation has gone negative and lost -11%. The ticker symbol for gold is not as straightforward as those for individual stocks. Consequently, XAU has become the widely recognized ticker symbol for tracking gold prices in various financial markets.