Waiting Game: The gold trading community appears to be in a holding pattern ahead of this week’s monetary policy update from the Federal Reserve and other central bank rate decisions. The most-active gold futures contract on New York’s Comex, December, settled at $1953.70 per ounce, with a minimal increase of just 30 cents for the…
Gold Prices Climb as Markets Anticipate Steady Fed Rates and U.S. Government Shutdown Fears On Monday, gold prices experienced an uptick, driven by market expectations that the Federal Reserve will maintain current interest rates during its upcoming meeting. Simultaneously, growing concerns regarding a potential U.S. government shutdown have amplified safe-haven demand for the precious metal….
The mood is generally positive regarding Apple Inc.’s (NASDAQ:AAPL) iPhone 15 release. However, the tech giant isn’t without its challenges. The Scoop: Even with the buzz around the latest iPhone, there’s been a noticeable dip in Apple’s earnings for the past three consecutive quarters. A recent report indicated a 1.4% decline in revenue for…
In a spectacular display of technological prowess, SpaceX, under the visionary leadership of Elon Musk, painted the skies once again, launching 22 Starlink satellites from Florida’s coast. This mission, met with anticipation and optimism, benefits from perfect weather conditions. Breaking it Down: SpaceX’s impeccable commitment to real-time updates was evident. Hours before the scheduled launch,…
In the dynamic battlefield of Artificial Intelligence, where each tech titan strives to outdo another, Alibaba Holdings Limited (NYSE:BABA) dropped a major bombshell: Qwen-VL and Qwen-VL-Chat. This came hot on the heels of Meta Platforms Inc’s (NASDAQ:META) recent A.I. launch. Alibaba’s Double A.I. Whammy Unlike text-centric A.I. models such as Microsoft Corporation’s (NASDAQ:MSFT) ChatGPT or…
In an unexpected turn of events, Mark Cuban, the renowned billionaire and Dallas Mavericks owner, disclosed that he’s the latest casualty in the volatile world of cryptocurrency. The Background In a chat with DL News, a clearly surprised Cuban mentioned a suspicious movement in a crypto wallet associated with him. “I noticed 5 ETH went…
ARM Holdings Plc has historically dominated the smartphone world with its innovative architectures. However, as the industry is rapidly transitioning into the post-smartphone era, it faces significant challenges in capturing the next wave of semiconductor growth. A Changing Landscape While ARM’s foundations lie solidly in smartphone innovations, industry experts are keenly observing the shifting paradigm….
Gold experienced a significant 1% surge on Friday, thanks in part to a weaker dollar and a surge in safe-haven purchases. The catalyst for this uptick in demand? The United Auto Workers union initiated strikes at three major automakers in Detroit. Additionally, optimism regarding a possible halt in U.S. interest-rate hikes provided further reinforcement for…
Gold prices remained steady near a three-week low on Thursday, as the latest data on U.S. producer prices and retail sales sparked concerns about the prolonged period of higher U.S. interest rates. This scenario had a ripple effect, boosting the value of the dollar and bond yields. Around 1:47 p.m. EDT (1747 GMT), spot gold…
Once considered a stagnant sector, uranium has risen like a phoenix, roaring back with a staggering 20% price surge in 2023 alone. But how did we get here, and who are the industry giants championing this growth? Historically, uranium prices saw a peak in 2011, reaching $60 per pound. A decade later, with the final…
