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Gold price (XAU/USD) climbs to seven-week highs to near $4,350 during the early European trading hours on Monday. The precious metal extends its upside amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal. Additionally, uncertainty and the risk-off sentiment could boost the safe-haven flows, benefiting the yellow metal price.Nonetheless, hawkish remarks from Fed officials last week could lift the US Dollar (USD) and weigh on the USD-denominated commodity price. Traders will take more cues from the speeches by Fed Governor…
The investor Steve Eisman said he has breast cancer and is undergoing treatment for the disease.
Is Bitcoin Really a Currency or a Ponzi Scheme? Bitcoin Trading When cryptocurrencies first appeared on the scene, it was easy to dismiss them as a passing fad. The idea of a digital asset with no government backing, no physical form, and no established role as a medium of exchange felt at best speculative and, at worst, similar to a Ponzi-like financial scheme. Although my skepticism about crypto as a true currency hasn’t changed, the market clearly disagrees. Prices have surged, collapsed, and surged again. Bitcoin alone jumped more than 35% this year to above $126,000 before erasing the…
President Trump said he was leaning toward choosing either Warsh or Kevin Hassett to succeed Fed chair Jerome Powell.
In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.When asked if Kevin Warsh was at the top of the list Trump said “Yes, I think he is. I think you have Kevin and Kevin. They’re both—I think the two Kevins are great,” he said. “I think there are a couple of other people that are great.”The article mentioned that Warsh was grilled over a 45 minute meeting…
“They have already paid the mortgage. It makes no sense to require them to ‘pay’ it again.”
Newsquawk Highlights include US NFP, CPI and Retail Sales, BoJ, BoE, ECB, UK Jobs, UK CPI, and Japan CPI US Debt Clock MON: Chinese Activity Data (Nov), EZ Industrial Production (Oct), Canadian CPI (Nov) TUE: NBH Announcement, UK Jobs Report (Oct), EZ/UK/US Flash PMIs (Dec), German ZEW Survey (Dec), Japanese Trade Balance (Nov), US Jobs Report (Nov) WED: UK Inflation (Nov), EZ CPI Final (Nov), US Retail Sales (Oct) THU: ECB Announcement, BoE Announcement, Norges Bank Announcement, Riksbank Announcement, CNB Announcement, US CPI (Nov), Japanese CPI (Nov), US Real Earnings (Nov) FRI: BoJ Announcement, CBR Announcement, Quad Witching, UK PSNB…
AI semiconductor revenue at Broadcom could double this quarter after seeing 74% growth in the latest period.
Gold (XAU/USD) remains on the back foot through the Asian session on Friday, though it lacks follow-through and trades near its highest level since October 21, touched the previous day. A generally positive tone around the equity markets undermines demand for traditional safe-haven assets and acts as a headwind for the commodity. However, dovish US Federal Reserve (Fed) expectations, which had been a key factor behind the recent US Dollar (USD) slump to a two-month low, continue to lend support to the non-yielding yellow metal.Apart from this, persistent geopolitical uncertainties, amid stalled talks on the Russia-Ukraine peace deal, limit the…
Tax-law changes may allow you to increase the transaction you had planned.