Deutsche Bank analyst Michael Hsueh released a report stating that two indicators in the gold market - China's SGE premium and spot premium relative to fair value - may have peaked, indicating that gold will experience a period of oscillation in the future, providing investors with opportunities for range trading.
■ The China SGE indicator shows demand for physical gold weakening
Firstly, there is the China SGE (Shanghai Gold Exchang...

Hi, mooers!
Banks are a critical component of our daily lives, serving as intermediaries for various financial needs such as receiving monthly salaries, applying for large loans, and transferring money to others. What is your go-to bank for handling your day-to-day financial transactions? What types of transactions do you usually perform?
Besides providing convenience for our daily lives, banks also offer ample investment a...

Market rebounded for 3 consecutive days after 3 straight months of losses as the Fed paused their rate hike campaign this month (as expected)
When probed about his previous projection of 1 more rate hike this year, Powell said that was "not a promise or plan of the future." This is dovish to me.
Treasury yields fell yesterday, which further boosted the market.
Technical wise, SPY has reclaimed 420 and 200 moving average. Unless SPY falls back below these 2 levels, it’s looking positive ...

Spoiler: At the end of this post, there is a chance for you to win points! Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of this week! (Nano caps are excluded.)
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The S&P 500 fell Friday to close out its third straight weekly l...

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