🎙️ Gold Rush

[5 minutes to read] Plus: Powell addresses Congress

By Matthew Gutierrez and Shawn O’Malley

Bitcoin is soaring, and some say Bitcoin is “digital gold.” But how about regular gold? It’s enjoying a nice little run of its own.

🏆 Gold closed at an all-time high on Tuesday despite higher real yields and a strong U.S. Dollar. Gold has gained nearly 4% in 2024 and 16% over the past 12 months.

Another interesting wrinkle: The price of gold is rising even as U.S. ETF assets invested in the underlying commodity keep falling.

“Gold, much more so than any other commodity, is about sentiment and psychology,” Peter Lynch once said.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

  • Why CEOs’ economic confidence is surging

  • Chairman Powell addresses Congress

This, and more, in just 5 minutes to read.

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