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U.S. stock-market futures were flat Monday while gold futures hit a new all-time high, amid uncertainty around the Fed’s independence and the Trump administration’s tariffs, as well as rising optimism about potential interest-rate cuts.
Learn about the top factors that affect the worth of your gold. Read on. Considering selling your gold? Whether it’s a vintage necklace or some coins hidden in a drawer, understanding the factors that influence the gold price can help you achieve the best possible return. Here at Cash Your Gold, we believe your treasure deserves a fair return. Here’s an honest and easy explanation of what truly influences the price of gold. The Global Economy The gold market tends to mirror the world’s economic conditions. In uncertain times, such as financial crises, wars, or inflation,…
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said that policymakers will be ready to cut the interest rates soon, adding that inflation stemming from tariffs will likely prove temporary, Bloomberg reported on Sunday. Key quotesIt will soon be time to recalibrate policy to better match our economy.Both mandates are in tensions now.Tariffs are pushing inflation higher and the labour market is slowing.I think tariff-relates price increases will be a one-off.It will take time before we know that for certain but we can’t wait for perfect certainty without risking harm to the labour market.Market reactionAt the time of press, the US…
Gold futures rise to record high on Fed concerns, rate cut expectations
AUD/USD gained ground for a fourth straight session on Friday.The Aussie is gaining ground on a slumping US Dollar as Fed rate cut hopes remain.Markets largely shrugged off another uptick in US PCE inflation.AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD) lower across the board. The Australian Dollar (AUD) stepped into its fourth straight winning session against the Greenback, putting AUD/USD on a collision course with the top end of a technical range that has kept the pair constrained through most of the year.US inflation…
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Marvell Technology dumps over 16% after Q2 earnings.Marvell missed Q2 revenue projections, but Wall Street is more concerned with Q3 outlook.Michigan Consumer Sentiment and Expectations miss forecasts.As Wall Street cuts price targets, MRVL could sink back to $48.Marvell Technology (MRVL) had a solid quarter. But you wouldn’t know that from the over 16% drop in its share price on Friday.The 30-year-old semiconductor company, valued for its AI system-on-a-chip (SoC) integrated circuits used in artificial intelligence (AI) applications, reported adjusted earnings per share (EPS) of $0.67, in-line with Wall Street consensus, and revenue of $2.01 billion that rose more than 57%…
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The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.Equities falter post-PCE but only slightlyThe Dow Jones is down, but certainly not out. The major equity index…
The equal-weight version of the S&P 500 just booked its longest streak of monthly gains since 2021.