Gold prices wrapped up the week with minimal movement, bouncing back from a brief dip to a one-week low. The ongoing debate in the financial world revolves around whether the Federal Reserve will implement its final rate hike for the year in November or December. Ed Moya, an analyst at the online trading platform OANDA,…
In a recent twist of events, gold experienced a decline, touching a one-week low as the Federal Reserve made a commitment to raise interest rates until annual inflation levels reach their 2% target. This announcement has left some market observers speculating that more challenges may lie ahead for the precious metal. The December contract, which…
Gold futures have been on an impressive winning streak for the past five days, a feat not witnessed since January, according to Dow Jones Market data. This remarkable ascent persisted even after the recent Federal Reserve announcement, further solidifying the market’s resilience. In its latest update, the Federal Reserve opted to keep its benchmark fed…
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….
Gold experienced a modest decline, slipping to levels not seen in over two weeks on Tuesday. This downtrend came as the U.S. dollar staged a resurgence, with investors taking a cautious stance in anticipation of the forthcoming U.S. inflation data set to be unveiled on Wednesday. The spot gold market saw a 0.6% dip, bringing…
Amazon.com, Inc (NASDAQ: AMZN) experienced an initial dip in Thursday’s trading session, only to rebound above Wednesday’s high-of-day. This shift followed the sale of 4,000 company shares by Doug Herrington, CEO of Worldwide Amazon Stores. The rise in Amazon’s stock contributed to a slight upturn in the S&P 500, counteracting Apple’s initial drag on the…
The electric vehicle revolution is undeniably underway, but it’s no cakewalk, even for German automakers who once led the automotive world in design and cutting-edge tech. The IAA motor show kicked off in Munich, shifting the spotlight away from Mercedes Benz and Porsche to Tesla Inc, which is unveiling an enhanced version of its top-selling…
Softbank’s Arm is gearing up for a highly anticipated public debut next week, set to become the year’s largest IPO. Jim Cramer voiced his enthusiastic support for the company, predicting an overwhelming demand for its chip designs. Here’s what you need to know: Arm is eyeing a valuation close to $54 billion for its forthcoming…
In the realm of Apple Inc. (NASDAQ:AAPL), some noteworthy developments have emerged, touching upon a legal resolution concerning a trademark dispute, the much-anticipated reveal of the iPhone 15, and novel advancements in the supply chain pertaining to the Apple Watch 9. Let’s delve into these significant updates. Trademark Resolution with USPTO: Apple has recently reached…
