Gold (XAU) Price Forecast: Is a Breakout on the Horizon with Powell’s Jackson Hole Speech? – FX Empire
Weekly Gold (XAU/USD)Jackson Hole Symposium: Key Market Focus The Jackson Hole Symposium, taking place from August 22-24, is shaping up to be a key event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the symposium will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting […]
Gold News: Can Upcoming Inflation Data Propel XAU/USD Prices to New Highs? – FX Empire
Weekly Gold (XAU/USD)Expectations of a Federal Reserve rate cut grow Market expectations for a Federal Reserve interest rate cut in September are solidifying, with traders putting the chances of a 50 basis point cut at 55%. This potential shift in monetary policy is a key driver of gold prices, as lower interest rates typically make […]
Pennsylvania officer at Trump assassination attempt says he needs ’empire’ amid Secret Service staffing woes
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Progressive staffers rebel at ex-Obama aide’s media empire
The media company founded by former aides to President Barack Obama and funded in part by George Soros, which produces the influential podcast “Pod Save America,” is reportedly plagued by internal conflict between its progressive staff and its moderate bosses. Tensions at Los Angeles-based Crooked Media have been fuelled by disagreements among staff over the […]
Gold News: XAU/USD Edges Higher as Markets Await Fed Decision and Key US Data – FX Empire
XAU/USD at a critical turning point The XAU/USD pair has been hovering around the important pivot level of $2,380.54 for the past four trading sessions, and traders’ reaction to this level may determine the short-term direction of gold prices. Attention on the Fed meeting The Federal Reserve is expected to keep current interest rates on […]
Archaeologists discover underwater mosaic believed to date back to Roman Empire
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US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]
Palace coup in a late-stage empire
As a global power and leader of the free world, it is crucial for the United States to know who actually runs its government. The Constitution clearly outlines the distribution of powers. However, conservative voters who have watched the media and the Deep State work together to bring down President Donald Trump are slowly realizing […]
Gold (XAU) Daily Forecast: Nears $2400 as Fed Rate Cut Hopes Influence Prices – FX Empire
Moreover, U.S. President Joe Biden’s withdrawal from the 2024 presidential race raises hopes that Donald Trump will become the next president and create a more relaxed regulatory environment. Gold prices rise on weaker US dollar and major economic data The US dollar has generally lost momentum and is weakening due to a dovish outlook for […]
Silver (XAG) Forecast: Gold Divergence Widens; Is Silver Undervalued or Overextended? – FX Empire
Gold-silver ratio widens The stark contrast in the performance of gold and silver was a key feature of this week. Many traders were perplexed as gold surged to record levels while silver’s response was muted. This divergence has caused the gold-silver ratio to rise, suggesting that silver may be undervalued and gold overvalued. Strong dollar […]