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This week on “Sunday Morning” (May 26)
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 12:00 p.m. ET. (Download it here.)
Hosted by Jane Pauley
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COVER STORY: World War II veterans speak to the ages
Vincent Speranza, who served as a paratrooper during the Battle of the Bulge, died last year at age 98. But visitors to the National WWII Museum in New Orleans can still talk to him, and – thanks to voice recognition software and artificial intelligence – hear answers to their questions about Speranza’s experiences during and after the war. CBS News national security correspondent David Martin talks with the museum’s vice president Peter Crean about the race against time to preserve the stories of the men and women who fought in the war, and with some of the veterans who will be able to “speak” to future generations.
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ALMANAC: May 26
“Sunday Morning” looks back at historical events on this date.
ARTS: Indigenous artist Jeffrey Gibson, on view at the Venice Biennale
Jeffrey Gibson, a member of the Mississippi band of Choctaw Indians and of Cherokee descent, is the first Indigenous artist to be chosen to represent the United States with a solo exhibition at the Venice Biennale, which is considered the Olympics of the art world. Correspondent Seth Doane visits the site of the Biennale, and meets with Gibson at his studio in Upstate New York, where he created his exhibition titled “The Space in Which to Place Me.”
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FOOD: Texas BBQ, with a foreign flavor
The Lone Star State’s distinctive barbecue is getting some impressive variations, with the help of pitmasters with roots in such places as Egypt, Vietnam and Japan. Correspondent Lee Cowan talks with some of the new bright lights of Texas BBQ, and with Daniel Vaughn, barbecue editor of Texas Monthly. (This story was originally broadcast November 19, 2023.)
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TV: Pam Grier is comfortable with being an icon
She was a gun-toting goddess who made her name in blaxploitation films like “Coffy” and “Foxy Brown,” and inspired director Quentin Tarantino to write a film especially for her. But action star Pam Grier proved to be more than just proficient at taking down drug dealers; she also beat cancer. The actress talks with correspondent Tracy Smith about starring in the Amazon Prime horror series “Them: The Scare,” and why she agreed to work in a genre that she finds terrifying.
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PASSAGE: In memoriam
“Sunday Morning” remembers some of the notable figures who left us this week.
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HISTORY: Leopold & Loeb and the crime of the century
One hundred years ago, two affluent and academically-gifted young men – Nathan Leopold, 19, and Richard Loeb, 18 – decided to commit the perfect murder, when they abducted and killed 14-year-old Bobby Franks in Chicago. “48 Hours” correspondent Erin Moriarty reports on how Leopold & Loeb’s murder was solved, and why the crime that shocked the nation still haunts us today.
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HARTMAN: TBD
Natalie Powers
STAGE: “All of Me” and the lighter side of disability
For more than 40 years Emmy Award-winner Kyra Sedgwick has starred in films and on TV, including the series “The Closer,” and has shared the world stage with her husband, fellow actor Kevin Bacon. Now, in the Off-Broadway comedy “All of Me,” Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man. Correspondent Mo Rocca talks with Sedgwick about the play she calls a “family dysfunction story,” and with actors Madison Ferris and Danny J. Gomez who say they like the play for not indulging in what’s been called “inspiration porn.”
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SPORTS: Daria Kasatkina, the world’s bravest tennis player
For the first half-dozen years of her pro career, Russian-born Daria Kasatkina was an ascending tennis player, not known for being political or particularly outspoken. Then, in February 2022, Vladimir Putin invaded Ukraine, and she condemned her country for it. Five months later, an emboldened Kasatkina made another statement she knew could trigger backlash in her homeland, one famously hostile to gay rights: She was in a relationship with another Russian athlete, former Olympic skater Natasha Zabiiako. Kasatkina and Zabiiako talk with “60 Minutes” correspondent Jon Wertheim about the importance of speaking out, and why they can’t go home.
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NATURE: TBD
WEB EXCLUSIVES:
EXTENDED INTERVIEW: Dan Rather (YouTube Video)
In this extended interview with “CBS Sunday Morning” correspondent Lee Cowan, legendary CBS News veteran Dan Rather, now 92, talks about his early life and years in broadcasting, including his experiences with Edward R. Murrow and Walter Cronkite; his proudest moments as a correspondent; the effects that the assassination of President John F. Kennedy and the Vietnam War had on his reporting; the role of social media in journalism today; and why covering some stories means that journalists must accept “danger is your business.”
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. Executive producer is Rand Morrison.
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Gold has long served as a safe-haven asset for investors during times of economic uncertainty and market volatility, which is a large part of why it has been so popular over the past year. Thanks to that uptick in gold interest, the price of gold has been climbing throughout much of 2024 — hitting multiple record highs and surpassing $2,700 per ounce at one point late in the year. That price trend has been shifting lately, though, and over the last few weeks, there have been significant fluctuations in gold prices, with the price of gold dropping over the last few days in particular.
With gold’s price currently sitting at under $2,650 per ounce, today’s lower price is prompting many investors to reassess their positions in gold-related investments — including gold exchange-traded funds (ETFs). These investment vehicles, which track the price of gold without requiring physical ownership of the precious metal, have become increasingly popular among retail and institutional investors alike. Much of the appeal of gold ETFs lies in their simplicity and accessibility. Unlike physical gold, these funds can be easily bought and sold through standard brokerage accounts, offering investors a convenient way to gain exposure to gold price movements.
But while the current price dip could present a good opportunity to buy into gold at a discount, it makes sense to remain cautious about any type of investment right now. So is investing in gold ETFs still a good strategy now that the price of gold is slipping?
Find out how to add gold to your portfolio today.
Are gold ETFs a good investment now that the price is dropping?
When gold prices drop, it can create opportunities for investors to buy at a lower cost, potentially increasing their returns if prices rebound. Gold ETFs provide an easy way to capitalize on this strategy. Unlike physical gold, ETFs can be traded on stock exchanges just like equities, offering liquidity and convenience. They also eliminate the need for storage and security concerns associated with owning physical gold.
There are also a few other reasons to consider investing in gold ETFs despite the current price drops. For starters, gold ETFs offer an efficient way to implement dollar-cost averaging during price dips. By regularly investing fixed amounts, investors can potentially lower their average purchase price over time. This strategy can be particularly effective during periods of price volatility, allowing investors to accumulate positions at various price points.
And while gold prices may be dipping now, it’s unlikely that today’s lower prices will remain the status quo over the longer term. Gold prices have historically rebounded and grown over longer time horizons, so while the current price may be lower than it was a few weeks ago, it could represent a good entry point for long-term investors. That’s particularly true if the fundamental factors supporting gold prices remain intact, such as inflation concerns, currency devaluation risks and global economic uncertainties.
However, investors should consider that there are risks to investing in gold ETFs. One issue is that gold ETFs are subject to market volatility and may not provide immediate returns — so it’s important to make any investing decision based on your unique investment goals and strategy. Gold also generates no income or dividends, making it a pure price appreciation play. The opportunity cost of holding gold ETFs also becomes more significant in high-rate environments where yield-generating investments become more attractive.
Diversify your investments by adding gold to your portfolio now.
Who should invest in gold ETFs now?
While investing in gold ETFs may not make sense for all investors right now, it could be particularly suitable for certain types. For example, investors who need to diversify their portfolios may find gold ETFs attractive, as gold has historically shown a low correlation with traditional asset classes like stocks and bonds. So, the current price drop could present an opportunity to achieve portfolio diversification at more favorable prices.
Risk-conscious investors who are looking to hedge against inflation, currency risks or geopolitical uncertainties might also want to consider adding gold ETF exposure. After all, with the uptick in inflation over the last few months, gold’s historical role as a store of value remains relevant right now, despite the potential for short-term price volatility. Long-term investors might also find current prices attractive in terms of building strategic positions.
However, short-term traders and income-focused investors may want to exercise caution when it comes to gold ETFs. Gold’s price volatility can make short-term trading challenging, while the lack of yield may not align with income-oriented investment objectives.
The bottom line
The current drop in gold prices presents an intriguing opportunity for investors who are interested in gold ETFs, but it’s essential to weigh the potential risks and rewards of this type of gold investing carefully. Gold ETFs offer a convenient and liquid way to gain exposure to gold, making them a viable option for many investors, but they are just one of several ways to invest in this precious metal. Whether or not gold ETFs are the right choice for you will ultimately depend on your investment objectives, risk tolerance and overall portfolio strategy, so before you buy in, do your homework to make sure your decision aligns with your long-term goals.
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