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Gold Faces Headwinds From Higher Yields and Fading Fear but Year-End Targets Shine
24/7 Wall St.99d agoneutral
Gold Faces Headwinds From Higher Yields and Fading Fear but Year-End Targets Shine

The PHLX Gold/Silver Sector Index (^XAU) is edging lower this Friday morning by 1% even as gold spot prices tick higher to $4,644/ounce, a split tape that captures how investors are processing a calmer macro backdrop. Bullion has rebounded modestly today, with SPDR Gold Shares (NYSEARCA:GLD) trading around $425 after a fractional intraday gain, but ... Gold Faces Headwinds From Higher Yields and Fading Fear but Year-End Targets Shine

The CBOE VIX Falls to 16 Level as Risk-On Trade Returns to Market
24/7 Wall St.99d agobearish
The CBOE VIX Falls to 16 Level as Risk-On Trade Returns to Market

The CBOE Volatility Index (^VIX) has slipped below 17 to 16.55, settling comfortably into the 15 to 20 range that markets consider business as usual, a remarkable turnaround after a bruising stretch that pushed the fear gauge to a March peak of 31.05. The roughly 39% collapse over the past month tells the story of ... The CBOE VIX Falls to 16 Level as Risk-On Trade Returns to Market

S&P 500’s Strong May Footing Powered by Apple, SanDisk, and Easing Oil
24/7 Wall St.99d agoneutral
S&P 500’s Strong May Footing Powered by Apple, SanDisk, and Easing Oil

The S&P 500 (^GSPC) clinched 7,200 for the first time ever yesterday, capping its best month since November 2020, and the index is set to open May trading on a high note. Apple’s blowout earnings, a memory chip windfall at SanDisk, and falling oil combine into one of the friendliest setups stocks have seen all ... S&P 500’s Strong May Footing Powered by Apple, SanDisk, and Easing Oil