News
Trump Gains Momentum Towards Nomination After South Carolina
In the wake of his resounding victory in South Carolina, former President Donald J. Trump’s path to the Republican nomination has accelerated, leaving little doubt about his dominance in the party. Despite significant opposition from within the GOP, Trump’s grip on the party shows no signs of weakening as he continues to sweep through the early nominating contests.
The primary season was viewed as a crucial opportunity for Republicans to challenge Trump’s leadership within the party, with many seeing him as a divisive and potentially damaging figure. However, as the contests unfolded, it became increasingly clear that Trump’s support among Republicans remained solid, not only solidifying his position but also highlighting the deep divisions within the party.
Despite facing formidable opponents like Nikki Haley, Trump has managed to secure victory in key states and consolidate his support among party officials and voters. His unorthodox approach to politics and his controversial statements have only seemed to galvanize his base, further cementing his status as the frontrunner for the nomination.
With his recent win in South Carolina, Trump has now triumphed in all the early nominating contests, setting the stage for Super Tuesday where a large number of delegates will be up for grabs. His victory has been met with both enthusiasm and concern within the party, as some Republicans continue to express reservations about his candidacy.
Despite the challenges and criticism he has faced, Trump’s momentum appears unstoppable as he marches towards the nomination. His ability to defy conventional political norms and maintain a loyal following has left many observers astounded at his enduring popularity within the GOP.
The dynamic between Trump and his competitors has been a central theme of the primary season, with several candidates dropping out to support his campaign while others, like Nikki Haley, continue to challenge his dominance. Despite Haley’s efforts to present herself as a viable alternative, her recent losses in key states have raised questions about the viability of her campaign.
In the face of mounting challenges and opposition, Trump remains undeterred in his quest for the nomination, showcasing a level of resilience and determination that has defined his political career. His ability to weather controversies and criticism while maintaining a strong base of support has solidified his position as a formidable candidate within the party.
As the primary season progresses, Trump’s march towards the nomination is marked by a sense of inevitability, with many Republican strategists and officials acknowledging his growing influence within the party. Despite lingering doubts and concerns, Trump’s performance in the early contests has bolstered his standing and solidified his status as the frontrunner.
Looking ahead to the remaining primaries and the general election, Trump’s path to the nomination appears clearer than ever, with his opponents struggling to gain traction against his formidable campaign. His unorthodox style and controversial rhetoric have reshaped the political landscape, forcing Republicans to confront a new reality where Trump’s brand of populism reigns supreme.
Despite the challenges and obstacles he has faced, Trump’s appeal among Republican voters remains strong, underscoring the deep divisions within the party and the enduring legacy of his presidency. As he continues his march towards the nomination, Trump’s influence within the GOP shows no signs of waning, setting the stage for a contentious and unpredictable election season.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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Is now the right time to invest in gold as prices have cooled?