Gold’s price has been correcting lower since our last report leaving traders wandering for its direction. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart. Negative correlation of the USD with Gold in effect
What’s really going on with gold prices? Gold recently reached a record high as geopolitical tensions pushed investors towards the traditional safe play. Merryn Somerset Webb explains what’s going on – and where things could go from here. Bloomberg – Politics Louisiana lawmakers are considering legislation to recognize gold and silver as legal tender. Eleven
Stephen J. Lacey | For FLORIDA TODAY Everything from cryptocurrencies to social media profiles has become an integral part of everyday life. These assets hold significant financial, sentimental, and practical value. In the event of death or disability, they may need to go through the probate process — a challenging task without proper planning. You
Japanese stocks sank deeper into the red on Friday, with the Topix index tumbling into a technical correction as it led Asian equities lower for a second day. Investors continued to bail out of riskier assets that will be hurt by US tariffs, with a rally in government bonds sending yields sharply lower and traders
Wayne Lam, analyst director of mining research at TD Securities, shares his hot picks on gold miners. Bank of America Corp., Citigroup Inc. and Macquarie Group Ltd. have been vocal cheerleaders for gold during a breakneck rally that has taken prices to record highs above US$3,000 an ounce. With anxiety about the global economy growing,
(Bloomberg) — Gold touched a fresh record, as exchange-traded funds backed by the precious metal draw renewed interest from investors. Bullion hit a new all-time high of $2,956.19 an ounce on Monday, topping the previous peak reached on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020.
Here is what you need to know on Thursday, February 20: While major currency pairs are having a tough time making a decisive move in either direction, Gold extends its uptrend to a new record-high on Thursday. The US economic calendar will feature the weekly Initial Jobless Claims report and the European Commission will publish
With 2024 being an exceptional year for gold, Daniel Ghali, director of commodities strategy at TD Securities, explains whether 2025 will see similar results as (Bloomberg) — As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks
(Bloomberg) — The Philippines on Thursday sold a two-part dollar bond and a euro tranche, capitalizing on a recent drop in borrowing costs abroad. The Southeast Asian nation, which has investment-grade credit ratings, raised $2.25 billion (2.4 billion euros) in dollar-denominated bonds due in 10 and 25 years, along with a €1 billion ($1.04 billion)
S&P 500 continued its recovery off my low 5,970s support shared with clients, and the drivers were further breadth and sectoral leadership overpowering daily rise in (short-term) yields. It‘s the Trump – Xi call optimism helping China-exposed stocks beyond tech, and decent housing data Friday, outlook right as called in Friday‘s premarket video. I spoke