Gold prices are currently hovering near a two-week high, with expectations of a September rate cut by the Federal Reserve providing support to XAU/USD. The recent rise in US bond yields has bolstered the USD, thereby capping the upside for gold. Economic Indicators The latest economic data released in the US has had a significant
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In the world of trading, understanding the technical analysis of gold prices is crucial for making informed decisions. Gold prices recently experienced a decent increase above the $2,335 resistance level, showcasing a bullish momentum. On the hourly chart of Gold at FXOpen, a connecting bullish trend line is forming with support near $2,345, indicating a
Recently, Turkish Finance Minister Mehmet Simsek held a meeting with investors in London, where Turkey was highlighted as a positive standout among emerging markets. This meeting provided an opportunity for Simsek to discuss the progress made in the Turkish economy over the past year and shed light on the potential steps to be taken in
In recent trading sessions, the USD/JPY pair has shown strength as it cleared the key resistance level at 158.20. Looking at the 4-hour chart, we can see the formation of a major bullish trend line with support at 158.20. The pair has also managed to rise above both the 100 and 200 simple moving averages
In a recent move to support the venture capital industry in China, authorities have unveiled a new policy that aims to promote the high-quality development of venture capital. This comes at a time when the once-thriving ecosystem of investment capital and startups in China has faced a significant slowdown due to increased regulatory scrutiny over
The current state of the economy is a matter of concern, particularly with the economy hovering just above a recession. The Reserve Bank’s ability to stimulate economic growth through interest rate cuts is limited at the moment. The upcoming Australian Monthly CPI Indicator release on June 26 is anticipated to show an increase from 3.6%
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. The information provided on various platforms, including websites, may consist of general news, personal analysis, opinions, and third-party content. However, it is essential to remember that this content is meant for educational and research purposes only. It should not be
As geopolitical tensions continue to escalate in both the Middle East and Asia, investors are turning to safe-haven assets such as gold and silver. The recent news of a potential conflict on the northern border between Lebanon and Israel has sparked renewed demand for these precious metals. The implications of a wider conflict could have
New York has recently introduced a program that provides homeowners with the opportunity to receive up to $14,000 in total rebates for making energy-efficiency upgrades to their properties. This initiative is part of the federal Inflation Reduction Act signed by President Joe Biden in 2022. The act allocated $8.8 billion for consumers through two Home
The U.S. Supreme Court recently issued a ruling against a challenge to a tax on Americans who have invested in certain foreign corporations. The case involved Charles and Kathleen Moore, a retired couple from Redmond, Washington, who contested the tax on foreign company earnings that have not been distributed to shareholders. The 7-2 ruling upheld
Ilya Sutskever, known for being a co-founder of OpenAI, recently made an exciting announcement about his new venture in the world of artificial intelligence. His new company, Safe Superintelligence (SSI), will be dedicated to the development of safe superintelligence. Unlike other companies in the industry, SSI will have a singular focus on this goal, aiming
European Union countries have come together to agree on a new package of sanctions against Russia in response to its ongoing war in Ukraine. This 14th package includes the first-ever restrictions on Russian gas, specifically targeting re-exports of Russian liquefied natural gas (LNG) in EU waters. While the package falls short of completely banning imports,