BofA Commodities Head Suggests Gold Price May Have Reached $3,500 Peak for the Time Being
Stock image. The May edition of Bank of America’s global fund managers survey revealed that a record 45% of investors now categorize gold as an “overvalued” investment asset. This marks a sharp increase from 34% in April, when gold prices rallied to record highs. Rising investor skepticism mirrors the outlook held by BofA experts, including […]
USD Gains While Gold Declines in a Steady Mid-Session Update for North America
USD Leads, Gold down in a Calm Session – North-American Mid-Session Update The Greenback is the best performer in majors after the morning session, as U. of Mich. Consumer Sentiment missed, which did not move markets. Gold is down about 1.5% as last month flows keep on reverting. USD leads a calm trading session The […]
Britain’s Strategy to Transition Oil and Gas Workers to Clean Energy Roles
Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs With plans for a green transition, millions of workers in the oil, gas, and coal sectors have become concerned for their jobs, with news of massive cuts as the energy reliance in several countries shifts away from fossil fuels. However, there could be […]
Video: Suspect Detained in Gold Mine Massacre in Peru
The main suspect in the kidnapping and murder of 13 gold miners in Peru has been arrested in Colombia, according to Peru’s Ministry of the Interior. Miguel Antonio Rodríguez Díaz, also known by the alias “Cuchillo” (Knife), was detained in the Colombian city of Medellín on Thursday. “Miguel Rodríguez Díaz, alias ‘Cuchillo,’ was captured following […]
Tax Bill: Increased Market Turmoil Ahead if Bond Vigilantes Raise Yields
Tax Bill: More Market Chaos in Store If Bond Vigilantes Send Yields Higher Tariff chaos may have subsided, but markets could be in for another bout of policy-fueled volatility in the coming months if bond investors throw a tantrum over the tax bill. President Donald Trump’s “Big, Beautiful Bill”—the 389-page tax bill that aims to […]
Gold Prices Rise 2% Amid Mixed Economic Data from the US
Stock image. Gold prices rose by nearly 2% late on Thursday amid mixed reports on the health of the US economy and uncertainty over Russia-Ukraine peace talks. Spot gold was up 1.9% to $3,240.87 per ounce by 5:40 p.m. ET, restoring all of this week’s losses. US gold futures also gained 1.7% to $3,243.90 an […]
New Zealand Dollar Soars as Inflation Expectations Reach One-Year High
New Zealand dollar jumps as inflation expectations hits 1-year high The New Zealand dollar is in positive territory on Friday. In the European session, NZD/USD is trading at 0.5906, up 0.54% on the day. New Zealand inflation expectations rise New Zealand’s two-year inflation expectations climbed to 2.29% in the second quarter, up from 2.06% in […]
Unpacking the Historic $8 Trillion Market Resurgence
Inside the historic $8 trillion market comeback New York CNN — In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump’s chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a […]
Is the Rally from Tariff Relief Premature?
A temporary tariff truce between the United States and China sent stocks soaring on Monday. However, strategists say levies that remain higher than they were at the start of the year still pose a threat to growth. At the same time, the uncertain path to a lasting agreement means more market volatility could be on […]
4 Reasons to Consider Buying This Undervalued US Stock
Thermo Fisher Scientific TMO is an attractive stock to buy today for several reasons. For one, this wide-moat company generates robust cash flows as the leading supplier in life sciences. In addition, management has done an exceptional job of capital allocation by maintaining a solid balance sheet and executing a flawless acquisition strategy. Thermo Fisher […]