NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
Ubs Group: Gold still has room for growth, but silver will perform better.
With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.
AU Evening Wrap: Australia Shares Dip as Mining Shares Decline; Financials Offer Limited Support
Australian shares dip as mining shares decline. The materials sector faces pressures from weaknesses in both iron ore and lithium stocks.
Africa Gets $1 Billion Boost as UN Agency Backs Startup Hubs
The United Nations Development Programme, African governments and the private sector plan to raise $1 billion and open a string of technology hubs across the continent to boost start-up innovation.
Top 2 Materials Stocks You May Want To Dump This Month
As of July 9, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator,
Everything You Need to Know on Tuesday: Canada's Mining M&A Limits May Lower Metals Firms' Valuations, Says Scotiabank
Good morning mooers! Here are things you need to know about today's market:
AngloGold Ashanti Shares Are Trading Lower Amid a Pullback in Gold Prices.
AngloGold Ashanti Shares Are Trading Lower Amid a Pullback in Gold Prices.
Optimistic prospects for interest rate cuts have led to a general increase in major overseas asset classes such as US stocks, gold, silver, and crude oil. Weekly report on major overseas assets.
After the release of non-farm data for the week of July 1-5, the US stock and bond markets rose and the US dollar came under pressure. Upon realizing the 'data detail' that the data in the first two months before non-farm was cut by 0.11 million, US bonds sharply rebounded and the yield curve became steeper.
Gold and silver hit new one-month highs! Behind it is not only the boost of non-agricultural employment, but also the "big purchases" of the Reserve Bank of India.
The Non-Farm Payroll report released a significant signal of cooling in the US labor market, with expectations of a Fed interest rate cut rising and the US dollar under pressure. India's central bank gold reserves increased by over 9 tons in June, the highest level since July 2022.
Amidst the low battery prices, hedge funds quietly bought physical cobalt.
This year, the sales of electric autos have been weaker than expected and the cobalt market has experienced a record oversupply, causing spot cobalt prices to drop to a seven-year low. The cobalt futures price, which will be delivered in one year, is already 20% higher than the spot price. A significant spot discount creates opportunities for arbitrage.
The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift
While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.
Ivanhoe Mines Restarts Congo Mine After 31-year Hiatus
2024 Half-Year Recap | The 10 Best Performing Canadian Stocks So Far In 2024
With the market's expectation of a rate cut by the Federal Reserve, a marked uptick in gold acquisition by central banks around the globe, and enduring geopolitical conflicts in the Middle East, gold prices soared in 2024, and silver prices followed suit. Copper's value climbed as well, supported by the dual pressures of forecasted supply deficits and an escalation in demand. The rise in commodity prices in 2024 boosted ...
AU Morning Wrap: ASX Flat; Life360 Climbs Over 3%
ASX flat; Life360 climbs over 3%. Stocks to watch: AFT Pharmaceuticals, Life360, Cooper Energy.
Paulson & Co's Top Buy and Sells in Q1
Metals & Mining Monitor | Gold Prices Settled at 3-Week High; Kinross Gold Beat Earnings Expectations
Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week.
AngloGold Ashanti Shares Are Trading Higher After the Company Reported Q1 Gold Production.
AngloGold Ashanti Shares Are Trading Higher After the Company Reported Q1 Gold Production.
The Fundamental Analysis of Copper: What Diversified Investment Strategy Exists?
The copper market is currently experiencing a robust upswing, propelled by a confluence of factors, including supply challenges and cyclical improvements in the global economy. LME's copper futures have surged above the psychological mark of US$10,000 per metric ton and are heading toward US$15,000.
Alpha Metallurgical Q1 Results; Metals Acquisition Simplifies Capital Structure; Latin Metals Updates Organullo Project And More: Monday's Top Mining Stories
1. Alpha Metallurgical (NYSE:AMR) reported first quarter net income of $127 million, or $9.59 per diluted share, adjusted EBITDA of $189.6 million and sales of $864 million.Despite softer coal market