The world's largest gold stock surged late at night!$Newmont(NEM.US)$, the world's largest gold mining company, 📈surged 12.46% after releasing its financial report last Thursday, ranking first in the$S&P 500 Index(.SPX.US)$! In the released financial report,$Newmont(NEM.US)$adjusted net income reached $630 million in the first quarter, almost half of last year's full-year profit, which translates to earnings per...
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Moomoo team: “ In March, the US CPI year-on-year growth rate rebounded to 3.5%, which is higher than the previous value of 3.2%. The year-on-year growth rate of core CPI remained unchanged from the previous month at 3.8%, exceeding expectations for three consecutive months. The market's expectations for the Fed's interest rate cut path have been suppressed due to the continuous higher-than-expected inflation. Currently, the market expects that the intere...
🌐 Inflation and Employment Surge Together, Toppling Rate Cut Expectations After the U.S. The Bureau of Statistics released the hot non-farm payroll data for March last week. This Wednesday's key CPI data showed a higher-than-expected increase for the second month in a row, with growth rates exceeding expectations for three consecutive months. Housing and energy continue to be the main drivers of the CPI increase. 👇 ...
Gold prices are continuing their rally and set another record high yesterday, with spot gold hitting an all-time record of US$2,265.53 per ounce. In addition, US gold futures shot up 1.2% to $2,265.70 per ounce in New York. These figures are most likely being supported by the latest US inflation data, which further boosted expectations of a Federal Reserve interest rate cut this coming June. Big banks and analysts are also ...
Gold hits record $2,200 as Fed signals three rate cuts, boosting appeal amid inflation uptick and geopolitical tensions. Key Takeaway Gold surpasses $2,200 an ounce for the first time, fueled by Fed's rate cut outlook and a softer monetary policy anticipation. Traders increased net long positions on gold significantly, hinting at strong market optimism towards the precious metal. Central bank purchases and geopolitical risks further bolster gold's sta...
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...
JohnnyBeNice :
Hi all, I am of opinion that Gold is never out dated. Histroy says everything. China Russia India stocking up on Gold. Check the US reserves portfolio. You will find your answers.
Analysts predict gold has factored in potential gains from falling interest rates. Goldman Sachs and ING analysts have raised their gold price forecasts, expecting continued growth due to sustained safe-haven demand.
Despite inflation data, the market expects a June Fed rate cut, says MKS PAMP's Nicky Shiels. Gold prices rally and money manager positioning shifts as rate cut expectations grow, according to Benjamin Hoff of Societe Generale.
🔥 Up 12.46%, ranking first among S&P 500! How much do you know about NEM? 🔥
In the released financial report, $Newmont(NEM.US)$ adjusted net income reached $630 million in the first quarter, almost half of last year's full-year profit, which translates to earnings per...
🚨Gold prices are soaring. Have you updated your investment portfolio? 🚨
Several common financial products for investing in gold include:
Will there be a stock market crash?
Ready to deal with the rate cuts slowdown?
ColumnsRate Cut Hopes Dashed: What's Next for the Market? [Learn Premium Weekly Review]
After the U.S. The Bureau of Statistics released the hot non-farm payroll data for March last week. This Wednesday's key CPI data showed a higher-than-expected increase for the second month in a row, with growth rates exceeding expectations for three consecutive months. Housing and energy continue to be the main drivers of the CPI increase. 👇
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You might be sick of hearing about gold, but the prices continues rally
In addition, US gold futures shot up 1.2% to $2,265.70 per ounce in New York.
These figures are most likely being supported by the latest US inflation data, which further boosted expectations of a Federal Reserve interest rate cut this coming June.
Big banks and analysts are also ...
Gold Hits Record $2,200 on Fed Rate Cut Hopes
Key Takeaway
Gold surpasses $2,200 an ounce for the first time, fueled by Fed's rate cut outlook and a softer monetary policy anticipation.
Traders increased net long positions on gold significantly, hinting at strong market optimism towards the precious metal.
Central bank purchases and geopolitical risks further bolster gold's sta...
ColumnsWall Street Is Cautious on Gold Prices. Is the Gold Rally Over?
■ The China SGE indicator shows demand for physical gold weakening
Firstly, there is the China SGE (Shanghai Gold Exchang...
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