it times to buy new clothes denim..

Good morning, traders. Happy Thursday, October 3rd. Prices were still falling but 'Technology,' 'Energy,' and 'Utilities,' were the three green S&P 500 sectors trying to hold up the market. Tech was flying on new Semiconductor exuberance: OpenAI, a subsidiary of Microsoft, announced a new $6.6B funding round, bringing the AI startup darling to a valuation of $157B.
Meanwhile, Israel struck targets in Berui...

Good morning mooers! Here are things you need to know about today's market:
● MU Leads, Chinese Stocks Follow while S&P 500 Hits Highs
● Malaysia's Producer Price Index Growth Slows to 0.3% Year-on-Year in August
● Malaysia Poised to Become Key Regional Hub for Global Services, Says Zafrul
● Stocks to Watch: Capital A, Gamuda, AEON Credit, etc.
- Moomoo News MY
Wall Street Summary
Rain was falling on Wall Street Thursday, but the ma...

Finance teacher Lim Kim Cheng believes that the current global financial markets are facing the impact of multiple factors, with the dovish stance of the US Federal Reserve and geopolitical risks in the Middle East being particularly noteworthy. Gold, as a safe-haven asset, has once again become the focus of investors. Against the backdrop of recent market turbulence, the price of gold has repeatedly hit new highs, demonstrating strong upward momentum.
Fed's loose policy helps push gold prices to new highs.
Recent statements from Federal Reserve officials have shown a clear dovish bias, driving gold prices continuously higher. Several Fed officials have indicated multiple interest rate cuts in the next 12 months to maintain the current economic balance. Finance teacher Lim Kim Cheng points out that this low-interest rate environment provides strong support for gold, a zero-yield asset, as investors in a low-interest background are more inclined to shift funds to safe-haven assets.
Finance teacher Lim Kim Cheng said that the dovish comments from the Federal Reserve have increased market expectations of further rate cuts in the future. According to data from the CME FedWatch Tool, the market is already expecting a 75 basis point rate cut by the end of 2024, which will continue to support gold. Gold, as a traditional safe-haven asset, becomes even more attractive in periods of low interest rates, especially in environments accompanied by inflation expectations. The spot gold price hit a new historic high on Wednesday, breaking $2...