Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation InsightsThe dollar saw a slight increase as many Asian markets were closed for a holiday, setting the stage for a potentially eventful week focused on U.S. inflation data. This data is crucial because it could hint at when the Federal Reserve might begin reducing interest rates. The euro fell slightly, while the pound also dropped. […] READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation AssessmentThe Federal Reserve has been increasing the federal funds rate to fight inflation, with 11 hikes from March 2022 to July 2023. Although prices are beginning to decrease, the Fed is waiting for more solid data before making any rate cuts. In its first 2024 meeting, the Federal Open Market Committee (FOMC) kept interest rates […] READ MORE Government Says, Inflation in December Was Even Lower Than First ReportedThe U.S. government has announced that inflation in December was even lower than initially reported. The revised data shows that prices for a wide range of goods and services rose by 0.2% for the month, which is lower than the first estimate of 0.3%. This slight adjustment indicates that inflation was cooling down as 2023 […] READ MORE Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock MarketNvidia has seen its value skyrocket, reaching a point where it’s now equivalent to the entire value of the Chinese stock market. Over the past year, Nvidia’s value has jumped by 228%, contrasting sharply with the 26% drop in the Hang Seng Index, which tracks the Hong Kong stock market, primarily fueled by their dominance […] READ MORE Oil Prices Spike as US Inflation Concerns Ease and Geopolitical Tensions RiseOil prices surged as recent US data revisions indicated that inflation pressures are decreasing, sparking optimism that the Federal Reserve may lower interest rates later this year. The price of West Texas Intermediate oil climbed above $77 a barrel, driven by a mix of factors including the S&P 500 hitting new highs, increased geopolitical risks, […] READ MORE Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading RangeAnalysts at Commerzbank are not optimistic about a sudden shift towards rapid interest rate cuts, even if the inflation data comes in lower than expected. They believe that without a significant surprise in the inflation figures, gold is unlikely to break out of its current trading range, which lies between slightly over $2,050 and $2,000. READ MORE ZeroHedge: Inflation Already Ruined Your Super Bowl PartyGoing to the SuperBowl has never been cheap. But this year, as the Kansas City Chiefs face off against the San Francisco 49ers in Las Vegas for Super Bowl 58, the ticket prices have hit the roof, making it the priciest Super Bowl ever. Tickets are being sold for between $5,300 and $107,000 on Stubhub, […] READ MORE Turkey Leads Central Banks in January Gold PurchasesTurkey continued its trend of investing heavily in gold in January, purchasing 23 tonnes and maintaining its position as the world’s leading gold buyer among central banks for that period. This recent purchase has brought Turkey’s gold reserves to an all-time high of 565 tonnes. Globally, central banks have increased their gold reserves by a […] READ MORE What's Next for Gold After 2023's Record Total Demand?Speaking to the Investing News Network, Joe Cavatoni, market strategist at the World Gold Council, reminded investors that it’s important to hold the yellow metal during tough times. READ MORE « Previous 1 … 41 42 43 44 45 … 64 Next »
