The gold price is currently trading near $2,385 on Monday, experiencing a slight decline. This is mainly attributed to the hawkish shift in market sentiment, which could potentially dampen the demand for the yellow metal. The recent comments by Federal Reserve officials have also contributed to capping the upside of gold. Interest Rates and Gold
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As economists forecast, the S&P Global Services PMI is expected to increase slightly from 54.8 to 54.9 in April. This slight uptick in the PMI could potentially shift investor expectations regarding future Fed interest rate cuts in 2024. However, it is crucial for investors to delve deeper into the sub-components of the PMI, such as
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In response to the increasing military pressures from China, Taiwan’s defense ministry has recently emphasized the importance of utilizing the funding allocated for the island in a $95 billion legislative package. This funding package primarily focuses on providing security assistance to Ukraine and Israel. Despite the absence of formal diplomatic ties, the United States remains
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