Gold (XAU) Price Forecast: Will Fed Policy and Rate Cut Bets Fuel the Next Major Rally? – FX Empire
Last week, Xau/USD was $2,984.91, up $75.36 or +2.59%. Stock market volatility and trade uncertainty drive gold purchases Gold's rally was supported by growing concerns about US trade policy. President Trump's new tariff measures, particularly on Chinese imports, have sparked fear of long-term economic tensions. Retaliation tariffs from China and Canada added to market instability, […]
AI Search Engines Cite Incorrect Sources at a 60% Rate
A new study from the Columbia Journalism Review's Trucking Center for Digital Journalism reveals serious accuracy issues regarding the generated AI models used in news search. According to the survey, when you ask about AI search engine news, the surprising error rate for AI search engines is 60%. Ars Technica Report This study tested eight […]
Gold (XAU) Silver (XAG) Daily Forecast: Will Gold Break $3,000 as Fed Rate Cut Bets Rise? – FX Empire
The producer price index (PPI) was stable, with the annual rate falling from 3.7% to 3.2%, strengthening expectations for a lenient monetary policy. Silver is stable amidst the volatility of the market Silver (Xag/USD) is trading at $33.91 after soaking it in $33.67 early in the session. Metals remain well supported by economic uncertainty and […]
Bank of Canada cuts benchmark interest rate by 25 bps, as Trump ratchets up tariffs – Yahoo Canada Finance
A new Canadian bank survey shows households and businesses hope that trade tensions with the US will lead to higher prices, lower job security, slower sales, and more cautious spending. The Canadian central bank says the investigation was conducted between January 29th and February 28th, reflecting a widespread US tariff of 25% and the threat […]
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Hold $2,900 as Fed Rate Cut Bets Rise? – FX Empire
“The uncertainty surrounding tariffs and the potential impact on global trade have strengthened the appeal of gold's safe haven,” said ANZ senior product strategist. The upcoming US Consumer Price Index (CPI) report is expected to offer further direction as it closely looks at inflation trends and the Fed's policy stance. As the dollar strengthens, silver […]
Luna and Ocasio-Cortez push credit card interest rate cap
In the seemingly singular bipartisan alliance, Anna Paulina Luna, members of the Conservative Freedom Council, R-FLA, and Alexandria Ocasio-Cortez, DN.Y. “The annual rate applicable to extensions of credit earned through credit card usage cannot exceed 10% points, including all financial fees,” the proposal provides. In response to a post by Luna and her left-leaning compatriot, […]
China Considers Premarital Fertility Tests to Fight Birth Rate Collapse
Members of the National Congress of China (NPC), which launched this week's annual session, are considering encouraging couples to take fertility tests before getting married within other policies to boost the national fertility rate, state media reported Thursday. National Global Times It is listed This week, there are several suggestions that have emerged in NPCs […]
US Dollar takes yet again another hit with ECB's hawkish rate cut and revises 2025 inflation forecast to the upside – FXStreet
The US dollar remains stuck in the backfoot and cannot recover against its main ally. ECB Lagarde supports the concern by saying that the ECB must be vigilant and prompt to act in any circumstances. The US dollar index has already lost more than 3% of its previous value this week. The US Dollar Index […]
Federal judge blocks NIH from implementing 15% indirect cost rate for grants
A federal judge blocked the National Institutes of Health from implementing policies to suppress how much it pays for indirect costs associated with grants. Last month, NIH announced plans to set a 15% rate nationwide. “The United States needs to do the best medical research in the world. Therefore, it is important to ensure that […]
BoJ’s Uchida: Don't have a preset idea in mind on the pace of future rate hikes – FXStreet
The Lieutenant Governor of the Bank of Japan (BOJ) said on Wednesday that I “do not have pre-set ideas in mind as to the pace of future rate hikes.” More comments Do not keep preset ideas in mind when it comes to the pace of your future rate hikes. It's not that fees will be […]