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Gold (XAU/USD) continues its bullish streak, currently trading at $2,587.97 with a 0.11% increase on the day. The market is closely watching key data releases, including U.S. unemployment claims and existing home sales, which could further influence gold’s trajectory in the short term.
Crude oil inventories fell by 1.6 million barrels in the latest data release, sharply exceeding expectations of a 0.2 million barrel drop. This significant inventory drawdown has provided underlying support for oil prices, even as WTI Crude Oil (USOIL) continues to trade cautiously.
The US Federal Reserve (Fed) made a monumental move on September 18, 2024, cutting interest rates by 50 basis points (bps) following a two-day Federal Open Market Committee (FOMC) meeting.
The Federal Reserve’s next Federal Open Market Committee (FOMC) meeting is set for September 17-18, 2024. This meeting is highly anticipated by investors,
Silver (XAG/USD) remains under pressure, trading around $30.40 as the strong US dollar continues to weigh on the precious metal. Despite the recent bearish trend, silver is finding support in China’s booming demand, which has driven prices higher in Asian markets compared to their Western counterparts.
Gold (XAU/USD) is currently trading at $2,567, facing downward pressure despite rising market expectations for a potential interest rate cut by the Federal Reserve (Fed
The Reserve Bank of Australia (RBA) has officially prioritized the development of a wholesale central bank digital currency (CBDC) over a retail version, citing the greater economic benefits of the former. In a speech at a recent financial conference, Assistant Governor Brad Jones introduced the launch of Project Acacia, a collaborative
South Korea’s cryptocurrency market is witnessing notable growth, largely fueled by the rise of the Korea Premium Index, according to a recent report by Chainalysis.
MicroStrategy, a company primarily known for its enterprise software and cloud services, has once again expanded its Bitcoin holdings, adding…
Former U.S. President Donald Trump is set to make waves in both the political and financial arenas with the upcoming…
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