Gold Price Forecast: Falls Further After Reaching New Record High – FX Empire
Initial potential support levels There are a few initial price levels to watch for possible support to emerge. The first is the April 12 swing high at 2,431. A little further down is the 38.2% Fib retracement at 2,411, followed by the 50% retracement at 2,389. The 2,389 price level is being given some weight […]
Gold (XAU) Forecast: Gold Price Hovers Near Record High on Rate Cut Expectations – FX Empire
Federal Reserve officials signal rate cuts are imminent Several Federal Reserve officials have signaled that a rate cut could be on the way. Fed Governor Christopher Waller and New York Fed President John Williams have both signaled the time horizon for loose monetary policy is shortening. Richmond Fed President Thomas Barkin has expressed optimism about […]
Gold (XAU) Daily Forecast: Price Jumps to $2405; More Gains Ahead? – FX Empire
Gold prices (XAU/USD) started the week weakly and are currently trading around $2,405 after hitting an intraday low of $2,405. The decline in gold prices can be attributed to the strengthening of the US Dollar, which has gained momentum despite growing expectations of a Fed rate cut in September. Gold prices have been under pressure […]
Gold Price Forecast: Bullish Momentum Retained – FX Empire
Potential for an inside day bullish breakout The inside day sets up a potential upward breakout on the upside above today’s high. Thursday’s high was around 2,425, which is the next important level as a break above this would trigger a continuation of the uptrend. The hammer characteristic of the inside day indicates continued bullish […]
Axel Springer, KKR in talks to break up media empire: report
German billionaire Matthias Döpfner and private equity group KKR are in talks to break up media conglomerate Axel Springer. The Financial Times reported. on Thursday, citing four people familiar with the matter. Under the terms of the separation, Axel Springer’s largest stakeholder, KKR and the Canada Pension Plan Investment Board, will control a portfolio of […]
Silver (XAG) Daily Forecast: Price at $30.77; Rate Cut Speculation at 73% – FX Empire
Potential Federal Reserve Rate Cuts and Silver Prices The possibility of the US Federal Reserve (Fed) cutting interest rates has been a key factor in predicting silver prices, with the 10-year Treasury yield falling nearly 2 basis points to 4.27%, reflecting market expectations of a Fed rate cut. According to the CME FedWatch tool, there […]
Wedding planners cry foul as The Knot adds startup Simply Eloped to online empire
The Knot has quietly acquired a startup called Simply Eloped, raising concerns that the controversial company has too much control over the wedding planning industry, The Washington Post reports. Simply Eloped says it will connect couples with pre-approved vendors like officiants, videographers and photographers for intimate ceremonies of 20 guests or fewer, and joins an […]
Gold Prices Forecast: Can CPI Data Ignite Rally to New Record High? – FX Empire
Future Catalysts Next week’s trading will likely depend on the Consumer Price Index (CPI) report for June. Economists expect the headline CPI to rise 0.2% and the core CPI to remain unchanged. A weaker-than-expected inflation reading could bolster expectations of a rate cut. Fed Chairman Powell’s two-day congressional testimony, which begins on Tuesday, will be […]
Bronny James Signs Contract With Lakers That’s A Good Look For LeBron’s Empire, But A Bad One For The NBA: REPORT
LeBron is out here STEAMROLLIN’ the league! Bronny James, the son of LeBron, agreed Wednesday on a four-year, $7.9 million deal with the Los Angeles Lakers, a source told ESPN. The finalized rookie contract comes on the same day his dad signs an extension with the purple and gold, which guaranteed the first father-son duo […]
Empire State Building filling up to the brim with addition of latest tenant
The Empire State Building has come a long way since the days when King Kong’s favorite skyscraper was primarily the offices of a shoe wholesaler and a dental practice. This great landmark has evolved into a financial and media mecca since Empire State Realty Trust acquired it in 2006 and launched a $550 million capital […]