Gold prices are down right now, so is it a good time to buy the dip? According to FXStreet, “If inflation expectations keep rising and growth expectations keep falling then that is the perfect environment for more gains in gold.” In other news, the House and Senate are working to reform laws governing retirement plans like 401(k)s and traditional IRAs. SmartAsset has broken down how the initiatives differ.
What’s driving gold prices right now?
Gold prices rose 2.57% last week as markets firmed up the $1700 support level for gold. The question everyone wants to know is, ‘should you buy the dip’? Here are the reasons that the current dip in gold is suitable for buying and the key risks that would change this outlook.
You can read the full article, here.
The great unrest: How 2020 changed the economy in ways we can’t understand yet
In an earnings call this week, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now:
“This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just dealing with economic issues like inflation and lapping stimulus and things like that. But also the social issues of people returning to mobility after lockdown, working from home and just the change in consumer patterns.”
Three months earlier, during the company’s prior call with analysts, Gibbs said economists who call this a “K-shaped recovery,” where high-income consumers are doing fine while lower-income householders struggle, are oversimplifying the situation.
“I don’t know in my career we’ve seen a more complex environment to analyze consumer behavior than what we’re dealing with right now,” he said in May, citing inflation, rising wages and federal stimulus spending that’s still stoking the economy.
Keep reading, here.
SmartAsset via Yahoo Finance/Eric Reed
Congress Could Change Your Retirement Plans. Is It Good or Bad News?
The House of Representatives and Senate are working along similar lines to reform laws governing retirement plans like 401(k)s and traditional IRAs. Initiatives in both bodies raise the age cap for retired minimum distributions (RMDs). And they both let employers treat student loan payments as an elective contribution for the purposes of matching 401(k) plans, which could expand retirement savings for younger workers who often prioritize debt payment over 401(k) contributions. But these House and Senate initiatives also differ. Here’s a comparison.
Continue reading, here.