Diesel’s record $100 warning: The oil shock hiding in plain sight
The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message.
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Gold Price Forecast: XAU/USD keeps sight of $4,700 ahead of Fed Warsh’s speech
Gold is making another run to retest 15-week highs of $4,697 early Thursday. Gold traders are taking advantage of an upbeat mood-led US Dollar (USD) retreat, looking past hot US core Personal Consumption Expenditures (PCE) Price Index data for July.
60 days to pay: Nvidia is financing its own demand
The Jensen Huang-helmed Nvidia (NVDA) delivered its second-quarter earnings print with its stock roughly 11% beneath the peak it set in May and around 8% beneath where it traded in mid-August, on the day it told the market it would stand behind up to $105 billion of a single customer’s rent.
$4700 back on Gold buyers’ radar as US core PCE inflation data looms
Gold is heading back toward the fresh 15-week highs of $4,697 in Wednesday’s Asian trades, reversing a brief dip below the $4,650 level.
Canada hits US goods with tariffs; The rate market sees a problem
On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.
Gold retreats after flirting with $4,700: buyers still hold the grip
The US Dollar (USD) sell-off appears to have found a temporary bottom on Tuesday, and market players are willing to book some profits. Gold is no exception, with the precious metal currently trading around $4,650 after flirting with the $4,700 mark at the beginning of the day.