Market cap of the company (in billions of dollars): 40.4
Revenue of the company (in billions of dollars): 32.8
Assets of the company (in billions of dollars): 61.7
Profit of the company (in millions of dollars): 4.687
Enterprise Products is another oil and gas company located in Houston, Texas and has actually seen revenues fall over the last few years, having made nearly $48 billion back in 2014.
Pixabay/Public Domain
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
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Precious metal gold finished 2023 at $2,062.40 per troy ounce, gaining 13% for the year after hitting an all-time high of $2,135.39. This was the highest annual close on record.
Gold prices surged in the last few months of 2023 after a powerful rally was sparked by central bank purchasing and mounting investor interest. Central bank demand, primarily from EM institutions, was a significant contributor: which added an estimated 15% to gold’s annual performance.
Fed interest rate cuts and falling U.S. real yields will once again become the key drivers behind gold prices in 2024.
The gold market has outperformed many key asset classes over several periods. The metal is well positioned in a period of low interest rates and political, economic, and social uncertainty. It also offers a unique correlation with the broader equity market in different return scenarios and experiences less volatility than many markets.
Click to read the full report on the top gold stock to watch in 2024…
