Is it Time to Take Profits in Gold? | Before the Bell (1/5/23)

(1/5/23) The Fed will continue to hike rates until they inw the inflation fight, according to the most recent FOMC meeting minutes. Markets continue to struggle within a consolidation range; but the market MACD signal is providing a glimpse of bullish news. Any lift resulting in the markets will be somewhat limited because very over-bought conditions will shotly return. Rising gold prices may offer an opportunity you cannot refuse. With 8% inflation, Gold has not been the hedge many had hoped, and as it becomes over-bought, it could be prime time for profit taking. Remember, Gold is a commodity driven by pure speculation. Energy stocks had a banner year in 2022, and traders are hoping for a repeat performance. Oil prices have dropped, and as the economy moves toward recession, one would expenct oil prices to decline further. We're advising caution and reducing exposure to Energy stocks. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=4XYnPlhKtOQ&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #InterestRates #Inflation #Gold #Oil #EnergyStocks #MarketVolatility #MarketRisk #Markets #Money #Investing