Gold Surges to New Peak: Is $2,750 The Next Milestone?

The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent weak housing prices. Export-oriented countries may be forced to enact “beggar-thy-neighbour” typed monetary policies to deliberately weaken their respective currencies. […]

As reported by CNBC, Jeff Kendrick from Standard Chartered Bank forecasts that, against the backdrop of the Federal Reserve lowering interest rates, the BTC/USD exchange rate will reach an all-time high by the end of 2024: → up to $125,000 if Trump wins, who publicly expressed support for the cryptocurrency sector this summer. → up […]

Markets US markets were closed yesterday in observance of Veteran’s Day, thinning trading conditions at the start of the week. For now, the by default trading mechanisms are the ones put in place after US Republicans secured their hattrick last week. The dollar sets the pace in FX markets with the trade-weighted greenback (DXY) closing […]