Commodities

Gold Hits $2,000 After Fed’s Surprise, But for How Long?

The Federal Reserve kept its interest rate as 5.25%-5.5% for its December 2023 decision (staying unchanged for a third consecutive meeting). This was in line with expectations, but the big news is that they indicated 75 bps cuts in 2024....

Will gold hit a new record high after NFP?

In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market,...

Digital gold up (BTC), spot gold down (XAU)

Bitcoin, often referred to as digital gold, has surged again, extending above $43,000. The crypto has maintained its positive momentum for five consecutive days now, marking a 15% increase over this period. At present, the price hovers around $43,300, after...

Are OPEC+ 2024 voluntary cuts enough to support oil prices?

Few companies are as closely tied to their leaders as Berkshire is to Warren Buffett and was to Charlie Munger. Munger's recent passing, who served as Berkshire's vice chairman since 1978, signifies the end of an era for the company....

Gold’s Outlook: Beyond $2,000 with Eyes on Powell’s Address

Gold reclaimed the US$2,000 threshold yesterday, marking its return to this level for the first time since May, after the US dollar weakened against most major currencies on Monday. The US dollar is now on track for its largest monthly...

How to trade gold if the Gaza war escalates?

Where does gold go if the Gaza war escalates and are downside targets for gold pointless to think about right now? Perhaps it is prudent to think about some short-term retracements, but it does appear that the war will escalate...

False Bitcoin rumors revealing real market sentiment

Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application....

Middle East conflict up, oil up, gold up, defense stocks up

WTI and Brent crude futures both jumped more than 4% to above $86 and $88 per barrel, respectively, on Monday, after a surprise attack by Hamas on Israel over the weekend. More than 900 Israelis have lost their lives, with...

$1,870 or $1,800; Which Direction for Gold?

Gold has now hit a seven-month low at $1,830 just as the US government avoids a shutdown. Over the weekend, the U.S. Congress passed a stopgap funding bill. This means that important government information won't be delayed, and it won't...
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