News
Voters are skeptical of Biden’s leadership and prefer Trump, according to Times/Siena poll
In a recent poll conducted by The New York Times and Siena College, concerning findings reveal that President Biden is grappling with doubt about his leadership within his own party and facing widespread dissatisfaction with the nation’s current direction. This has led to a situation where he is falling behind Donald J. Trump just as the general election contest is about to commence.
Despite there being eight months left until the November election, the poll results show that Mr. Biden’s support of 43 percent trails behind Mr. Trump’s 48 percent among registered voters nationally. Only a quarter of voters believe the country is moving in the right direction, with more than double the number of voters feeling that Mr. Biden’s policies have personally harmed them compared to those who believe his policies have benefited them. Additionally, a majority of voters perceive the economy to be in poor condition, and a significant 47 percent strongly disapprove of Mr. Biden’s job performance, marking his highest disapproval rate in Times/Siena polls during his presidency.
Furthermore, the poll highlights concerning signs of weakness within the Democratic coalition, particularly among key demographics such as women, Black, and Latino voters. While Mr. Biden navigated through early nominating states with minimal opposition, the poll indicates a deep divide within the Democratic Party regarding his potential candidacy for 2024, especially among voters under 45 years old. In contrast, Mr. Trump has successfully unified his party, even amidst an ongoing primary contest.
Among the notable findings is Mr. Trump’s ability to consolidate the Republican base, evident in the fact that he is winning 97 percent of voters who supported him in the previous election, with minimal defection to Mr. Biden. In comparison, Mr. Biden is winning only 83 percent of his 2020 voters, while 10 percent now back Mr. Trump. This disparity underscores the challenge Mr. Biden faces in rallying support within his own party and retaining voter loyalty.
Additionally, the survey highlights a lack of enthusiasm among Democratic primary voters for Mr. Biden, with only 23 percent expressing enthusiasm compared to a higher share of Republicans excited about Mr. Trump. Furthermore, the poll indicates that Mr. Trump’s favorability rating is marginally better than Mr. Biden’s, with both candidates being unpopular choices among voters, reflecting the overall discontent with the current political landscape.
Moreover, the survey delves into the contrasting views of voters regarding the candidates’ policies, with a notable disparity in perceptions of personal benefit between Mr. Trump and Mr. Biden’s policies. Despite these challenges, the Biden campaign remains optimistic that as the election draws closer, more voters will revert to traditional partisan patterns and shift their support back to the Democratic candidate.
In conclusion, the poll results present a complex and challenging landscape for both candidates as they navigate their campaigns in the lead-up to the general election. While Mr. Biden faces skepticism and doubts about his leadership, Mr. Trump has managed to maintain strong support within his party and make inroads into traditional Democratic constituencies. As the election season unfolds, these findings underscore the importance of addressing voter concerns and solidifying support across key demographics to secure a favorable outcome in November.
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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