Commodities

Gold: pressure building ahead of Fed rate decision

Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has...

Gold to set record high after CPI tomorrow?

Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold....

Bitcoin peaks, then plummets + AI tokens await NVIDIA Conference

Bitcoin has just hit a new all-time high, surpassing the previous record set in November 2021 by a couple hundred dollars on some exchanges (about $69,300). This could have been a ‘just for the hell of it’ accomplishment, because immediately...

Bitcoin touches 64K: Has it found its footing?

On January 22, CNBC's Jim Cramer said that it was " Unlikely that bitcoin finds its footing". However, Bitcoin reached over $63,000 on Wednesday, marking its highest value since late 2021, even briefly touching $64,000 before turning a little lower....

Next week’s key events for traders

Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead...

$3K gold in 2024 according to Citi

Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year. This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging...

Anticipation builds for Bitcoin halving event

Bitcoin is currently holding strong above the $50,000 mark in anticipation for the event known as "the halving." The Bitcoin halving is a regularly scheduled event that occurs approximately every four years, where the reward for miners is halved. Historical...

Gold tumbles: Eyes on UK inflation next

The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of...

Gold forecast: Crazy to expect rate cut tomorrow?

Mostly yes. Market consensus leans towards the U.S. central bank maintaining current interest rates following the conclusion of its two-day meeting tomorrow. However, the potential impact on the U.S. dollar and gold is likely to hinge on statements from Fed...
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