Gold surges as debt persists

Since last week: Wholesale inflation for February rose 0.6%, which was more than expected. This shows that the issue is still persistent and could lead to growing souring market sentiment. 

1. Debt Struggles

In a high-interest-rate environment, a growing number of Americans find themselves struggling with debt. Since the rise in interest rates, more credit cards and car loans are going delinquent. Households could be experiencing the fallout of this for years to come. The next Fed meeting comes next week, but rate cuts aren’t expected. In this kind of environment, managing long-term capital is key. Click here to learn about how to stay ahead of, and profit from, ever-changing markets. 

2. The Gold Bull Keeps Running

Gold continues its impressive bull run, moving and staying past $2,150 per ounce over the past week. This surge shows that the yellow metal has long-lasting interest given recent economic news and helps paint the picture for why gold is a strong investment. Click here to learn more about one of the best ways to play the gold surge. 

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3. Biden’s Green Jobs

The Biden Administration’s Inflation Reduction Act contained record levels of climate- and energy-related spending, and with that spending came more jobs. According to a recent report, 170,000 of these “Green Collar” jobs have been created. The same report projects that as many as 1.5 million jobs could be created by 2030. This is another example of how green investing is going to be one of the biggest investment stories of the next few years. One of the best ways to profit is by buying into the raw materials that make it all possible. You can learn more about how to do that by clicking here.

4. AI Productivity

Since artificial intelligence has come into the mainstream, its economic benefits have been among the most talked about benefits it’s supposed to offer. According to a new report, those benefits could amount to up to $20 trillion added to global GDP by 2030. It’s an understatement to say that this technology is going to reshape the economy as it becomes more sophisticated. As an investor, you’ll want to be in early as AI continues taking off. Click here to learn just where you can invest your money. 

What to Look For

As stated, rate cuts aren’t expected to happen at next week’s Fed meeting, but analysts still anticipate them in the second half of the year.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle