Australia added 64.1 thousand jobs in September, much more than the expected 25.2 thousand. The previous August job data was revised down from 47.5 thousand to 42.6 thousand. The unemployment rate remained at 4.1%, better than the expected 4.2%. This positive data shows strong
Gold prices are increasing as investors focus on the upcoming US elections and interest rates. Market sentiment is shifting, contributing to the rise in gold value. Analysts anticipate potential record highs for gold in the near future.
Oil prices are near their lowest levels in almost two weeks after dropping over 4% previously. Investors are awaiting more economic data amid indications of weak demand. Some geopolitical concerns regarding Middle East supply have eased. Brent crude futures for November fell by $0.15 to $74.11 per barrel.
Ethereum ETFs faced outflows of approximately $12.7 million on October 15. Fidelity’s Ethereum Fund (FETH) attracted inflows of about $2.59 million, making it the best performer. BlackRock’s Ethereum Fund also saw positive net inflows. Grayscale’s Ethereum Trust (ETHE) had the largest outflows, totaling around $15.
Standard Chartered predicts Bitcoin could reach $73,800 before the US presidential elections. Jeff Kendrick from Standard Chartered says Bitcoin may benefit from several factors, like: Rising US Treasury bond yields. Growing interest in Bitcoin exchange-traded funds (ETFs). Donald Trump’s improved chances in the election. Regardless of who wins,
Standard Chartered forecasts Bitcoin could reach an all-time high of $73,800 as the US presidential elections approach. Jeff Kendrick, Head of Global Digital Assets Research, suggests several factors will contribute to this rise. Key factors include rising US Treasury bond yields, increasing interest in ETFs, and Donald Trump’s
Elon Musk has donated $75 million to a group supporting Donald Trump's campaign over three months. This donation marks Musk's increasing involvement in politics as the 2024 election approaches. Musk has been supporting Republican candidates more visibly since 2022. His political action committee, America PAC, aims
Price Decline: Gold prices fell over $12, trading below $2,650 per ounce on Thursday. The decline coincides with the U.S. dollar index's strength, marking its fourth consecutive day of gains. Gold futures decreased by 0.10%, around $2,667 per ounce. Spot Market: Spot gold contracts
Global chip stocks fell on Wednesday following ASML's disappointing sales forecasts. ASML shares dropped 5% in early European trading, adding to a 16% decline the previous day. ASML lost approximately 49.2 billion euros ($53.6 billion) in market capitalization in just one day.
Gold prices rose sharply for the second consecutive session on Wednesday. Escalating tensions in regions like Korea and the Middle East have increased gold's appeal as a safe haven. South Korea and the U.S. are monitoring North Korea's violations of UN sanctions, with recent border
XAU/USD is trading at $2,659.07. Weak performance in global stocks is boosting demand for gold. Federal Reserve officials are maintaining a neutral tone ahead of the November meeting. There is potential for XAU/USD to extend gains, with bulls targeting new record highs.
Gold is nearing its all-time high of $2,685. A decline in manufacturing activity in New York spurred recent buying interest. A price break above $2,685 would signal a new record high and continue the bullish trend. Market jitters from weaker U.S. manufacturing data led to a drop