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Gold markets faced an unprecedented rollercoaster this week as the US appeared to target Swiss gold imports with tariffs as high as 39%. The world’s biggest bullion trading hub, Switzerland, suddenly found itself at the centre of a global financial storm. Headlines sent shudders through commodity floors and sent Australian gold prices swinging between A$5,150 and A$5,250. Investors worldwide braced as key bar formats, 1-kg and 100-oz bars, looked set for hefty new charges. The Announcement That Wasn’t: The Tariff That Wasn’t Panic struck global markets on August 7 when major financial outlets and several industry groups began circulating reports…
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The software company’s second quarter results exceeded revenue and earnings predictions.
In a wide-ranging interview with BullionStar’s Claudia Merkert, legendary resource investor Rick Rule shared candid views on the state of the gold and silver markets, central bank demand, U.S. fiscal realities, and his upcoming venture, Battle Bank. Rule, founder and CEO of Rule Investment Media, last appeared on BullionStar’s channel in December 2022, when gold traded at around USD 1,800. Since then, both gold and silver have almost doubled, and sentiment has shifted dramatically. Gold and the Dollar’s Decline USD in Gold, 1970s to present Rule argues that gold’s performance is inseparable from concerns about the U.S. dollar’s purchasing power.…
Gold price attracts some sellers in Wednesday’s early European session. Worries over the Fed’s independence might support the Gold price.Traders await the US July PCE inflation report later on Friday for fresh impetus. The Gold price (XAU/USD) remains under selling pressure during the early European trading hours on Wednesday. The precious metal retreats from a two-week high of $3,395 amid the profit-taking and modest rebound in the US Dollar (USD). The potential downside for the yellow metal might be capped amid concerns over the US Federal Reserve’s (Fed) independence as US President Donald Trump doubled down on his efforts to oust a Fed governor.…
AT&T will look to enhance its wireless and home-internet offerings with spectrum from EchoStar.
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“The police, ambulance and animal control were all called immediately. The dogs were removed and put down.”
USD/CAD remains under pressure as Fed’s Powell signals that he is open to monetary policy adjustments.Fed Powell’s dovish interest rate guidance has battered the US Dollar.Investors await US Durable Goods, PCE inflation, and Canada’s GDP data.The USD/CAD pair struggles for a firm-footing during the Asian session on Monday after sliding almost 0.8% to near 1.3820 on Friday. The Loonie pair stays under pressure as comments from Federal Reserve (Fed) Chair Jerome Powell in his speech at the Jackson Hole (JH) Symposium on Friday signaled that he is open to unwinding monetary policy restrictiveness, citing downside employment risks.During the Asian session,…
Figma has been a rare bright spot in a tough software market, but its premium stock price is giving some Wall Street analysts pause.