Gold Defies Strong Dollar, Heads for YTD High
Due to the decline in U.S. Treasury yields, which boosted demand for non-yielding assets, gold/dollar climbed.Traders anticipate that as inflation cools, major central banks will cut interest rates, w...
News
IEA Cuts Global Oil Demand Growth Forecast for First Time This Year
The IEA believes that, despite lowering expectations, demand is still expected to reach a record level later this year, and the oil market in the second half of the year is still characterized by a su...
CPI Cools More Than Expected; Gold Spikes by $15
While this data is unlikely to prevent the Federal Reserve from raising interest rates by 25 basis points this month, it may lead to market speculation about whether July will be the last step in this...
Nasdaq Soars Nearly 40%
After the Nasdaq Composite surged nearly 40%, investors are divided on whether to take profits and shift to other areas of the market or to double down on the sector. Wall Street strategists say: Four...
Morning Analysis: Gold and Oil Strengthen, Eyeing Record Highs
Gold Market:Gold continued to maintain its strong momentum overnight, with prices approaching historical highs, and there is a possibility of setting new historical records in the short term. At prese...
Middle East Tensions Boost Gold Prices
Yesterday on Wednesday, we believed that the market was betting on a Federal Reserve rate cut, as well as tensions in the Middle East and the escalation of the standoff between North and South Korea, ...