73721132
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RECAP
Markets climbed Wednesday after the FOMC rate decision, which went as planned: no changes were announced for the Federal Funds Target Rate of 5.25-5.5%.
With preliminary closing figures, all three major indexes were on track to close at all-time highs. The $S&P 500 Index (.SPX.US)$ climbed 0.89% to 5,224, an all-time intraday and closing high. The $Dow Jones Industrial Average (.DJI.US)$ climbed 1.03% to 39,511, an al...
Markets climbed Wednesday after the FOMC rate decision, which went as planned: no changes were announced for the Federal Funds Target Rate of 5.25-5.5%.
With preliminary closing figures, all three major indexes were on track to close at all-time highs. The $S&P 500 Index (.SPX.US)$ climbed 0.89% to 5,224, an all-time intraday and closing high. The $Dow Jones Industrial Average (.DJI.US)$ climbed 1.03% to 39,511, an al...
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73721132
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Deutsche Bank analyst Michael Hsueh released a report stating that two indicators in the gold market - China's SGE premium and spot premium relative to fair value - may have peaked, indicating that gold will experience a period of oscillation in the future, providing investors with opportunities for range trading.
■ The China SGE indicator shows demand for physical gold weakening
Firstly, there is the China SGE (Shanghai Gold Exchang...
■ The China SGE indicator shows demand for physical gold weakening
Firstly, there is the China SGE (Shanghai Gold Exchang...
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