Gold price holds steady near $2,515 in Wednesday’s early Asian session. The softer USD and bets of Fed easing monetary policy support the Gold price. The Fed Chair Powell’s speech at the Jackson Hole symposium will take centre stage on Friday. Gold price (XAU/USD) trades flat around $2,515 during the early Asian session on Wednesday.
RBNZ Assistant Governor Karen Silk said in an interview on Friday that the New Zealand central bank is taking a measured approach to rate cuts. Key quotes Uncertainty remains on how quickly inflation will subside. Bank is taking a measured approach to rate cuts. The behavior of price inflation is crucial for the cash rate path
Gold price trades flat around $2,455 in Friday’s early Asian session. US July Retail Sales beat expectations, rising 1.0% MoM; Initials Jobless Claims fell 7K to 227K last week. The escalating geopolitical risks in the Middle East might cap the Gold’s downside. Gold price (XAU/USD) flat lines near $2,455 during the early Asian session on
This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists… …to increase the U.S. money supply by means of the U.S. government’s creation of one or two platinum coins with trillion-dollar denominations. The idea would have the U.S. Treasury Department mint the coins and deposit them
S&P 500 defended the post unemployment claims high ground in a no news Friday, market breadth further improved and VIX retreated. Also the opening flush to shake out retail has been weak, and both S&P 500 and Nasdaq overcame Wednesday‘s trappy highs – unlike the Russell 2000. Why did smallcaps have a harder time this