Gold set to climb as inflation cools

Since last week: Stocks rose on thoughts that inflation may be cooling.

1. Apple’s AI Play

Everyone was waiting to see what Apple was going to do as far as AI goes. Now we know the company is working with OpenAI, creators of ChatGPT, to introduce a suite of AI features in its devices. The company’s stock enjoyed a boost on the news, showing why it’s a favorite to take the lead in the AI race. While it could prove to be a strong investment, there are better places to spend your investment dollars for bigger potential returns. Click here to learn more about those companies.

2. Gold to $3000?

Is gold set to climb to $3000? According to some analysts, it’s entirely possible. The biggest factors driving this would be potential Fed rate cuts along with ongoing central bank purchases. We continue to believe that gold is a strong haven investment and that it should be a part of any investor’s portfolio. Click here to learn more about one particular miner set to soar when the price of gold surges.

This investment strategy just uncovered three new trades.

Each one is under a dollar and set to climb despite inflation.

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3. Biden’s Millions

The Biden administration’s Inflation Reduction Act continues to give, this time in the form of $375 million in funding for renewable energy projects in rural communities in places like Alaska, Arizona, Kentucky, and Nebraska. These areas will have money put toward battery storage projects, which is just one aspect of 21st-century green infrastructure. The companies that manage these projects are going to be big money makers for their investors. Click here to learn more about one company you should be watching.

4. Less Spending

Americans spent less between April and June. Even though inflation is falling, consumers have been feeling the pressure in their bank accounts, and discretionary spending has gone down as a result. In a recent survey, 39% of respondents said they cut back on spending in areas like entertainment and eating out. The same survey saw 58% of respondents say they were worried about inflation in general. These are concerns that are going to stick in the minds of consumers for some time, which could be a drag on the economy at large. Click here to learn more about the kinds of investments you can make to protect your wealth in that kind of environment.

The big winner in the copper bull market

One company is set to push its way to the front of the copper market at a time when supply far outweighs demand.

Most don’t know about it, but that could change any day.

Click here to learn how to invest in this company before it takes off.

What to Look For

The first half of the year is officially over, and with talk of cooling inflation, talk of interest rate cuts may start picking back up.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle