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 […]
US Home Sales Hit 13-Year Low as Prices Soar to Record Highs
U.S. existing home sales fell to the lowest level since 2010 last month as sellers waited for lower mortgage rates and buyers were discouraged by soaring prices. Existing home sales fell 5.4% from May to an annualized rate of 3.89 million, according to data released Tuesday by the National Association of Realtors (NAR), marking the […]
Bitcoin’s next leg could hit $110K, despite ‘lower highs and lower lows’ – Cointelegraph
Bitcoin could see its next big rally surge to $110,000, despite concerns that a “lower high, lower low” pattern is forming on the BTC price chart, according to a crypto trader. “The next phase will likely see Bitcoin reach $110,000,” MN Capital founder Michael van de Poppe wrote in a blog post on July 17. […]
Gold prices remain close to record highs as rate cut cheers persists – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as a weaker dollar supported the precious metal amid growing expectations of a U.S. interest rate cut. Demand for safe haven metals also increased in the precious metals market following reports of a possible deterioration in trade relations between the United […]
Dow soars over 500 points, sending Wall Street to new highs
The Dow Jones Industrial Average continued to hit record highs on Tuesday, buoyed by strong results from UnitedHealth and growing confidence that the Federal Reserve will cut interest rates in September. The blue-chip index Jones built on Monday’s momentum and rose 566 points, or 1.4 percent, to 40,782 in morning trading. The Nasdaq was flat, […]
Trump, Vance, stocks, Dow, S&P, record highs
Jason Katz, Managing Director and Senior Portfolio Manager at UBS, explains what would happen to the markets if a Republican is elected US president. Former President Trump has officially secured the Republican nomination, with Senator J.D. Vance as his running mate. The Republican senator from Ohio, a former Marine, private equity veteran and best-selling author […]
New Zealand’s sea temperatures hit record highs, outstripping global averages | New Zealand
Ocean temperatures in New Zealand have reached record highs, more than three times the global average in some areas, raising concerns about the health of the country’s marine life and ecosystems. new Statistics Bureau data Since 1982, ocean surface temperatures have increased on average by 0.16 to 0.26°C per decade, and coastal waters by 0.19 […]
S&P 500 and Nasdaq notch record highs as Nvidia gains – Yahoo Finance
(Reuters) – The S&P 500 and Nasdaq closed at record highs on Tuesday, helped by gains in Nvidia shares, after Federal Reserve Chairman Jerome Powell told lawmakers that further “favorable” economic data would strengthen the case for cutting interest rates. AI chipmaker Nvidia rose 2.5%, offsetting declines in other chip stocks. Microsoft fell 1.4%, while […]
Apple and Oracle Helped Propel These 3 Vanguard ETFs to All-Time Highs. Here's My Favorite to Buy Now. – The Motley Fool
Low-cost Vanguard ETFs are an effective way to invest in a specific sector or theme. apple (AAPL -0.82%) and Oracle (ORCL -1.23%) It soared to an all-time high on Wednesday. Apple is up more than 14% in the past month. This recent rally is largely due to the positive response to its annual Worldwide Developers […]
Indian stocks hit record highs as exit polls suggest big Modi win – CNN
New Delhi CNN — Indian stock markets hit a record high on Monday after experts predicted a landslide victory for incumbent Prime Minister Narendra Modi in general elections. India’s main stock index, the Sensex index (tracking the 30 largest companies), and the broader Nifty 50 index both rose more than 3% to close at record […]