News
US PRODUCER PRICE INDEX BELOW EXPECTATIONS IN DECEMBER US Producer Price Index (PPI) grew by 3.3% year-on-year in December, below the expected 3.4%. The PPI growth in November was 3.0%. On a monthly basis, the PPI increased by 0.2%, missing the expected 0.3% growth. November’
News
Gold prices stayed steady on Monday. A strong U.S. jobs report made the Federal Reserve less likely to cut interest rates. Uncertainty about the upcoming Trump administration's policies increased demand for gold as a safe investment.
News
GOLD PRICE FORECAST: XAU/USD HOLDS ABOVE $2,660 WITH SOFT TONE XAU/USD currently at $2,663.89, showing a soft tone. Gold remains under pressure due to persistent US Dollar demand. Gold reached a multi-week high of $2,697.88 on Friday after strong US NFP data. US
News
Gold prices are consolidating around $2,660, holding gains below the record high. Traders are considering geopolitical risks related to Israel and Iran. The U.S. dollar is pausing its recovery amid changing market risks. The daily technical indicators suggest a favorable outlook for gold buyers, with the RSI in
News
Strategic Move: Wiz Cancels Google Deal Cybersecurity startup Wiz has called off its $23 billion acquisition deal with Google-parent Alphabet. Instead, the company has decided to pursue an initial public offering (IPO). This strategic decision reflects the company's confidence in its market potential and desire to remain independent.
News
Company Performance: NXP Semiconductors NXP Semiconductors' stock price dropped by 8% after announcing its second-quarter results. The company's soft guidance has impacted investor confidence, leading to a significant sell-off. The disappointing financial performance and cautious outlook have raised concerns among investors about the company's growth
News
Political Developments: Trump Leads in Polls Donald Trump has widened his lead in the 2024 presidential race following his official nomination. This political development has significant implications for market sentiment and investor strategies as the election approaches. The increased likelihood of a Trump presidency brings potential changes to regulatory and