According to TD Securities’ commodities outlook, the first half of 2022 will be the best time for gold prices next year. The report states the yellow metal could reach $1,900 an ounce during the first six months of the year. In other news, Treasury Secretary Janet Yellen warns that the Omicron variant could pose a “significant” risk to the global economy’s ongoing recovery from the pandemic.

 

Kitco News/Anna Golubova
The first half of 2022 will be the best time for gold price next year, says TD Securities

The 2022 gold outlook looks promising, with the first half of next year offering the best environment for the gold bulls, according to TD Securities’ commodities outlook.

“Positive gold story in play for [the] first half of next year,” wrote TD Securities commodity strategists.

The precious metal could be looking at a rally towards $1,900 an ounce during the first six months of the year as markets focus on economic growth, inflation and political risks.

“Political risks associated with the pending U.S. mid-term elections, U.S. fiscal drag, fairly steadfast central banks gold purchases, and a significantly slower pace of U.S. and global recovery are additional factors which may see investor rekindle their interest in gold,” said TD Securities global head of commodity markets strategy Bart Melek. “These factors should help lift gold into $1,900/oz territory in the first half of 2022, as per our projections.”

You can read the full story, here.

 

Fox Business/Thomas Barrabi
Yellen warns Omicron variant could pose ‘significant’ risk to global economy

The Omicron variant could pose a “significant” risk to global economy’s ongoing recovery from the COVID-19 pandemic, Treasury Secretary Janet Yellen said Thursday.

Yellen noted the variant’s economic impact was still “very uncertain” and the subject of ongoing analysis. But she warned the variant’s spread could exacerbate supply chain issues and an ongoing inflation crisis that has hampered the economic recovery in recent months.

“Hopefully it’s not something that’s going to slow economic growth significantly,” Yellen said in an interview with Reuters. The delta variant did unexpectedly prove this fall to really cause some problems. We saw a severe slowdown in economic growth in the United States on account of it.”

Continue reading, here.

 

Yahoo Finance/Janna Herron
Retirement expert: ‘There’s never been more uncertainty than today’

Between the coronavirus pandemic and inflation, Americans are facing a very volatile and uncertain landscape when it comes to retirement, according to one expert. Planning is the key solution.

“There’s never been, I’d say, more uncertainty than today in what’s going on,” Erik Sussman, the CEO of the newly launched Institute of Financial Wellness (IFW), recently said on Yahoo Finance Live (video above). “And uncertainty, it often causes a lot of fear and anxiety … the fear of the unknown, it makes people nervous. And I think this is a great time to give people proper information so that they can make informed decisions.”

The biggest worry for Americans when it comes to retirement is running out of money, Sussman said. And many of these individuals may have had to retire sooner than planned, leaving them with less money. A report from the New School’s Retirement Equity Lab found that “an additional 1.7 million Americans retired earlier than what would have been expected during the normal times.” A significant number of these retirees were younger than 65.

Keep reading, here.

 

 

 

 

 

 

 

 

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