Gold (XAU) Price Forecast: Bullish Momentum Builds Amid China Stimulus Hopes – FX Empire
Daily Gold (XAU/USD)Gold has surpassed the $2645.01 mark and is currently acting as an important short-term support level. If the price sustains above this level, there is room for upside and a possible rally towards the all-time high of $2,685.64. However, if it fails to sustain above this level, it could see a pullback towards […]
Silver (XAG) Daily Forecast: Will Silver Break Above $31.50 in the Face of Rising Tensions? – FX Empire
Geopolitical concerns drive demand for safe havens Rising geopolitical risks are weighing on market sentiment, accelerating silver's upward trend. The US State Department has expressed concern over recent Chinese military exercises in the Taiwan Strait, raising concerns about further instability in the region. Furthermore, tensions in the Middle East remain high. While political events have […]
‘Bling Empire’ star Kane Lim sues designer over brand deal
A federal lawsuit alleges that Bling Empire's fashion-forward star Kaine Lim has locked down over a deal with entrepreneur Jonathan Kuhn. In February 2019, Lim began filming a reality series for Netflix that follows the lives of several wealthy Asians based in Los Angeles. Lim, who has worked “with iconic brands and fashion houses such […]
Gold (XAU) Daily Forecast: Will $2,630 Resistance Break with CPI Data in Focus? – FX Empire
Gold gains support despite strong dollar The recent surge in gold prices is against the backdrop of intensifying tensions in the Middle East, and there has been an increase in buying gold as a safe asset. Traders are also awaiting the next U.S. Consumer Price Index (CPI) report, which could shape expectations for future Federal […]
Silver Price Forecast Q4 2024: Is Next Surge on the Horizon – FX Empire
Key drivers of silver demand growth in Q4 2024 Growing demand for industrial and green energy Silver is set to benefit significantly from its dual role as an industrial and precious metal in the fourth quarter of 2024. One of the main drivers of this demand increase is the rapid expansion of the green energy […]
Gold (XAU) Price Forecast: Is Safe-Haven Demand Enough to Counter Dollar Strength? – FX Empire
Federal Reserve Chairman Jerome Powell has already signaled that the pace of rate cuts will slow, increasing market expectations for a 25 basis point rate cut. With inflation still above the Fed's target and the labor market showing resilience, pressure for aggressive rate cuts has eased, weighing on gold. Strong US dollar and rising government […]
Soros’ Philanthropic Empire Pumped A Quarter Million Into Israel-Designated Terrorist Organization In 2023
In 2023, the Soros family's Open Society Foundations donated $250,000 to the European arm of the Al-Haq Human Rights Organization, a designated terrorist organization in Israel, according to a grant database. israel government decided Al-Haq was said to be “a division” of the Popular Front for the Liberation of Palestine (PFLP). US designation Designated as […]
Hang Seng Index Up 13%, Mainland Stocks Surge as China Implements Stimulus – FX Empire
Importantly, investors viewed this policy move as positive for China's real estate market. The Hang Seng Mainland Property Index (HMPI) rose 30.64% in the week ended September 27. Notable stock gains across the real estate sector include Longfor Group Holdings (0960) (+56.44%) and Simao Group Holdings (0813). (+69.81%), Agile Group Holdings, Inc. (3383) (+46.51%). The […]
Gold News: Can XAU/USD Rally Continue Despite Rising Profit-Taking Risks? – FX Empire
Economic data released throughout this week further supported the case for continued rate cuts. The personal consumption expenditure (PCE) price index, a key indicator of inflation, rose 0.1% month-on-month in August and 2.2% year-on-year, slightly below economists' expectations of 2.3%. The core PCE index, which excludes food and energy, was also in line with expectations, […]
Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level – FX Empire
Geopolitical tensions in the Middle East continue to support demand for safe-haven assets such as gold, but rising risk appetite and a strong dollar are limiting upside. However, expectations that the Fed will cut rates significantly in November are providing fundamental support for gold. Impact of US economic development and Fed expectations on gold prices […]