The gold price (XAU/USD) has been facing significant selling pressure for the second consecutive day, resulting in a drop to a two-week low. This downward trend can be attributed to technical selling activities. However, the decline is expected to be limited due to certain supporting factors in the market. One such factor is the growing
Investment
Alphabet, the tech giant, reported a beat on both top and bottom lines in the second quarter, earning $1.89 per share on $84.74 billion in revenue. However, the stock slipped 1% as revenue at its YouTube advertising segment missed forecasts. Tesla Shares of Tesla declined by 4.7% after second-quarter earnings missed consensus estimates. The company
When it comes to investing, it is crucial to understand the risks and uncertainties involved in forward-looking statements. The information provided on various platforms is for informational purposes only and should not be taken as a recommendation to buy or sell any assets. It is important to conduct your own research and analysis before making
The upcoming economic indicators, including the Jibun Bank Services PMI and Tokyo’s core inflation rate, are crucial factors that could influence the Bank of Japan’s policy decisions on July 31. A higher-than-expected PMI in the services sector could potentially signal a recovery and justify a rate hike to strengthen the Japanese Yen. Similarly, an increase
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
China’s decision to cut short and long-term rates by 10 basis points came as a surprise to many analysts. The move was unexpected, especially considering that the People’s Bank of China had previously been guiding bond yields higher. Ben Bennett, Head of Investment Strategy for Asia at LGIM in Hong Kong, emphasized the timing of
The EUR/USD pair edged higher to 1.0895 in Monday’s early Asian session, up 0.12% on the day. This increase can be attributed to Fed’s Williams statement that the US central bank is “getting us closer to a disinflationary trend that it’s looking for.” The rising bets on the Federal Reserve rate cut in September and
Dave Nadig, a well-known ETF journalist and financial futurist, believes that the recent surge in money flow into small caps is not necessarily a result of a rotation from winning growth trades. Instead, Nadig suggests that investors are simply engaging in a diversification trade. He argues that investors are broadening their exposure across various sectors
The disclaimer provided on this website is clear in its message that the content is for educational and research purposes only. It emphasizes the importance of performing one’s own due diligence checks and consulting competent advisors before making any financial decisions. This is a crucial aspect to consider in the world of investments, where risks
Netflix, Inc. reported a substantial increase in its second-quarter earnings, showcasing its dominant position in the streaming industry. The company exceeded expectations by reaching 277.65 million global paid memberships, marking a significant 16.5% year-over-year growth. Additionally, revenue surged by 17% to $9.56 billion, driven by a combination of membership expansion and a remarkable 34% increase
Recent statements from top Chinese officials have highlighted the country’s commitment to focusing on its own affairs amidst escalating trade tensions with various nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of concentrating on internal matters to ensure the smooth running of
Gold prices in the Philippines saw a decline on Thursday, according to data compiled by FXStreet. The price for Gold dropped to 4,580.42 Philippine Pesos (PHP) per gram, compared to 4,607.54 PHP on the previous day. Similarly, the price per tola decreased to 53,425.16 PHP from 53,741.41 PHP. These fluctuations in Gold prices can have
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