Gold Price Forecast: Nears New Record Highs as Bullish Momentum Builds – FX Empire
Rise above Friday’s high of 2,518 proves strength A rise above today’s high of 2,518 would generate a bullish signal and set the stage for a rally to a new record high. Gold hit a new record high of 2,532 last week. This rally could signal a continuation of gold’s long-term uptrend if it rises […]
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 Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data – FXStreet
Gold prices were trading flat around $2,455 in early Asian trading on Friday. US retail sales rose 1.0% month-on-month in July, beating expectations. Initial jobless claims fell 7,000 from the previous week to 227,000. Rising geopolitical risks in the Middle East could limit gold’s declines. Gold prices (XAU/USD) were trading sideways around $2,455 in early […]
Gold Price Forecast: XAU/USD trades with mild gains near $2,450, eyes on US Retail Sales – FXStreet
Gold prices were slightly higher around $2,450 in early Asian trading on Thursday. US CPI inflation rose as expected in July. Any signs of escalating geopolitical tensions could rally safe-haven assets such as gold. Gold prices (XAU/USD) snapped a two-day slide early Thursday in Asian trading, rising to near $2,450. A weakening US Dollar (USD) […]
Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Producer Prices Increased by Less Than Forecast in July
U.S. inflation pressures showed further signs of easing in July, with producer prices rising just 0.1%, less than expected. According to the Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand, which tracks the average change in selling prices received by domestic producers of goods and services for the products they sell […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Gold Price Forecast: XAU/USD holds below $2,450, eyes on geopolitical risks and key US economic data this week – FXStreet
Gold prices were trading weakly around $2,430 in early Asian trading on Monday. Safe-haven flows may support gold amid rising geopolitical risks. Traders are awaiting key U.S. economic data this week, including the Producer Price Index (PPI), Consumer Price Index (CPI) and retail sales, which could provide fresh stimulus. Gold prices (XAU/USD) are trading lower […]
Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
Harris tops Trump for first time in Nate Silver's election forecast
Polling firm Nate Silver’s election forecast shows Vice President Harris holding a narrow lead over former President Trump for the first time since the model began. A national Silver Bulletin poll showed Harris beating Trump by 1.4 percentage points. Poll AverageThe vice president has a forecast lead for the first time, with the latest model […]