$Apple(AAPL.US$ rotten apple
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Hot Spot Events
On July 16, 2024, under the impetus of multiple benefits, the price of gold surged by nearly 2%, reaching a record high!
The sudden strengthening of gold not only broke the previous three-month high fluctuation consolidation trend, but also triggered market speculation that gold prices would rise further. The main reason behind this is that a series of recent US economic data has strengthened the Fed's confidence in controlling inflation, causing the market to speculate on interest rate cuts.
According to CME data, as of July 17, the probability that the market is betting that the Fed will cut interest rates in September is over 93%. This is an almost unsuspecting forecast of interest rate cuts. A month ago, the probability of betting on a September rate cut was less than 60%.
Interest rate cuts usually benefit low-interest or zero-interest assets, and gold and gold concept stocks are obvious beneficiaries. As the world's largest gold producer, Newman Mining's performance in this round of rising gold prices is impressive. Newman Mining's stock price rose 18% in the past month, far exceeding the 3% increase in the S&P 500 index over the same period.
Newman Mining's main competitors include Barrick Gold (GOLD) and Eagle Mining (AEM). Compared to its competitors, Newman Mining has stronger gold reserves. According to the data, Barrick Gold's gold reserves are 77 million ounces, and Eagle Mining's is 53.8 million ounces. Together, the two are equivalent to Newman Mining's gold reserves. In the long run, this...
On July 16, 2024, under the impetus of multiple benefits, the price of gold surged by nearly 2%, reaching a record high!
The sudden strengthening of gold not only broke the previous three-month high fluctuation consolidation trend, but also triggered market speculation that gold prices would rise further. The main reason behind this is that a series of recent US economic data has strengthened the Fed's confidence in controlling inflation, causing the market to speculate on interest rate cuts.
According to CME data, as of July 17, the probability that the market is betting that the Fed will cut interest rates in September is over 93%. This is an almost unsuspecting forecast of interest rate cuts. A month ago, the probability of betting on a September rate cut was less than 60%.
Interest rate cuts usually benefit low-interest or zero-interest assets, and gold and gold concept stocks are obvious beneficiaries. As the world's largest gold producer, Newman Mining's performance in this round of rising gold prices is impressive. Newman Mining's stock price rose 18% in the past month, far exceeding the 3% increase in the S&P 500 index over the same period.
Newman Mining's main competitors include Barrick Gold (GOLD) and Eagle Mining (AEM). Compared to its competitors, Newman Mining has stronger gold reserves. According to the data, Barrick Gold's gold reserves are 77 million ounces, and Eagle Mining's is 53.8 million ounces. Together, the two are equivalent to Newman Mining's gold reserves. In the long run, this...
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