(Reuters) – Goldman Sachs on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected ETF inflows and sustained central bank demand. Goldman Sachs also raised its forecast range to $3,250-$3,520 from $3,100-$3,300 earlier, according to its research note. The investment bank expects large Asian central banks to continue their…
By Carolina Mandl NEW YORK (Reuters) -Hedge funds are increasingly betting against stocks, with Nvidia, Advanced Micro Devices and Tesla as their top three shorts placed on Wednesday, a Morgan Stanley note showed on Thursday. Wednesday was the third largest day of single stock selling by hedge funds this year, according to the bank’s institutional…
By Neil J Kanatt, Anuja Bharat Mistry (Reuters) -Lululemon Athletica forecast annual revenue and profit below estimates on Thursday as the lack of consumer appeal for its newer styles has been pushing customers to look for products from competitors such as Alo Yoga and Vuori. The company’s shares fell about 11% in extended trading. Lululemon’s…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump drives global trade war up a gear Investors went on the defensive Thursday, reducing exposure to risky assets like stocks after U.S. President Donald Trumpescalated the global trade wars with his plans…
