There are some important things to remember along the journey: Every time the market has gone into bear territory or even crashed, it has always rebounded much higher, the stock market has been the greatest wealth-building machine for the average investor, and the goal at the most basic level is to buy low and sell high, which means you can use opportunities when the market is sagging to deploy the formula to your advantage. The smartest investors know all of this and are strategizing to take advantage of current market conditions. Two stocks to buy to help you achieve your goals are Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Read More...
Gold slips on firmer dollar, Fed rate outlook
Gold prices fell on Wednesday as the U.S. dollar regained some ground, while investors assessed the chances of the Federal Reserve raising interest rates just once more in May before pausing. “Expectations are already priced in for a 25 basis-point hike, leaving much of the focus on whether a rate pause will be signalled thereafter,” said Yeap Jun Rong, a market analyst at IG. “While that may provide an anchor for gold prices, given the recent rally and overextended technical conditions, the possibility of some unwinding (in prices) upon validation of the Fed’s rate outlook may still remain on the table.”