Liberals fume after NYC’s Empire State Building turns red for Trump
As Donald Trump won key battleground states North Carolina and Georgia, the Empire State Building lit up red overnight and New York City landmarks “celebrated the end of democracy.” This sparked passionate protests from Democrats. The iconic Big Apple building was painted red from 11:22 to 11:27 p.m. after Trump was announced as having secured […]
Oil News: Crude Futures Rally as Middle East Conflict Sparks Supply Fears – FX Empire
Middle East tensions and supply concerns push up oil prices Oil prices rose more than 1% on Thursday, recouping some of the losses from the previous session. Geopolitical concerns, particularly rising tensions between Israel and Hezbollah and reports that North Korean troops are supporting Russia in Ukraine, are driving the rise. These developments have reignited […]
Silver (XAG) Daily News: Industrial Demand and Rate Cuts Fuel 40% Yearly Surge – FX Empire
When interest rates fall, metals like silver become more attractive to investors because returns on bonds and savings accounts fall. Rising industrial demand and green technology boost silver prices A key driver behind silver's recent rally is its increasing role in green technology, particularly solar energy. Silver is essential to a variety of industries, is […]
Gold Price Forecast: Hits Resistance, Eyes Key Support Amid Bearish Reversal – FX Empire
2,753 targets lead to sales While the upside target of 2,753 was met and appeared to be acknowledged by the market, gold still has higher targets that it could eventually reach once the retracement is completed. There are some important potential support levels to watch out for on the way down. The first is the […]
US Dollar Forecast: Bullish DXY Outlook as Treasury Yields Climb, Gold Prices Slip – FX Empire
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Silver (XAG) Forecast: Will Anticipation of China’s Stimulus Drive Prices to $35.40 – FX Empire
Weekly Gold (XAU/USD)Silver's strong rally this week was largely helped by gold's record performance. As gold soared above the $2,700 per ounce threshold, silver followed suit, reflecting the metals' historically close correlation. Geopolitical tensions, particularly in the Middle East, played a key role in the rally as investors sought safe haven assets. The conflict between […]
Gold (XAU) Price Forecast: Geopolitical Tensions Propel Gold Beyond $2,700 – FX Empire
Middle East conflict increases demand for safe havens The escalating conflict between Israel and Hezbollah has been a major driver of gold's recent rally. Investors became more risk-averse after Hezbollah announced it would expand its involvement in the war against Israel. With the escalation of war showing no signs of slowing down, the appeal of […]
Donald Trump Launches World Liberty Financial (WLFI) at $1.5B Valuation: All You Need to Know – FX Empire
Donald Trump Crypto Holdings, October 15, 2024 | Source: ArkhamIntelligenceAs of October 15, 2024, President Trump's publicly disclosed wallet has a cryptocurrency portfolio worth more than $6.7 million, with the majority of these assets held in Ethereum (ETH) and Wrapped Ethereum (WETH). ), with a total value of over $2.5 million. His other notable holdings […]
Gold Price Forecast: Bull Flag Breakout Targets New Highs if Strength Continues – FX Empire
Today’s low of 2,659 is the main short-term support A decline below today's low of 2,659 could lead to a test of support near the top flag trend line or the 20-day moving average near 2,645. However, if the 20-day line fails to hold as support, a deeper retracement may occur and the bull flag […]
Gold (XAU) Daily Forecast: Will Bullish Momentum Hold Above $2,660? – FX Empire
However, the stability of the US dollar and rising expectations from the US Federal Reserve (Fed) are limiting further price increases. Fed interest rate expectations limit gold's upside potential The US dollar, which hit a two-month high last week, has since consolidated its gains, and there is little to lift gold prices. The Fed is […]