Gold reaches a seven-week high due to demand for safe investments; silver achieves a high point.
Gold Prices Stagnate as Investors Anticipate Rate Cuts On Tuesday, gold prices remained steady as investors largely factored in an anticipated rate cut from the US Federal Reserve. Gold reached a seven-week high last Friday, buoyed by a weaker dollar, expectations for lower interest rates, and safe-haven demand amid geopolitical unrest. Silver, on the other […]
Gold reaches a seven-week high due to increased safe-haven interest; silver also reaches a peak.
Gold and Silver Prices Surge Gold prices reached a seven-week peak on Friday, driven by a weaker dollar, expectations of interest rate cuts, and a heightened demand for safe-haven assets amid geopolitical tensions. Silver, on the other hand, achieved a record high. At 0945 GMT, spot gold climbed by 0.7% to $4,311.73 per ounce, marking […]
USD/JPY climbs to a seven-week peak as attention turns to US PCE and Tokyo CPI
USD/JPY continues to rise for a second consecutive day, fueled by strong USD performance. US GDP has been adjusted to a growth rate of 3.8% for the second quarter, while weekly unemployment claims dipped to 218,000. Attention will soon shift to the US Core PCE and Tokyo CPI data releases on Friday. On Thursday, the […]
Diddy trial jury starts discussions after the seven-week trial concludes
Trial Verdict Awaits for Sean “Diddy” Combs A jury of twelve, made up of eight men and four women, is set to determine the fate of Sean “Diddy” Combs following a lengthy seven-week trial. The jury is now faced with the task of deciding whether to convict him of federal charges or allow him to […]