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 […]
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 […]