Gold Slides on Uncertain Monetary Policy Path But Downside Remains Limited
Gold fell over 0.7% on Tuesday amid strengthening dollar and rising yields, as well as uncertain Fed path.
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BTC$60,759.00-2.77%
ETH$1,612.17-3.02%
USDT$0.9985-0.03%
USDC$0.9997-0.01%
XRP$1.07-3.27%
SOL$67.74-2.45%
TRX$0.3272-0.52%
FIGR_HELOC$1.03-0.64%
HYPE$63.29+1.91%
DOGE$0.0758-3.76%
USDS$0.9995-0.02%
RAIN$0.0159+1.41%
LEO$9.42-1.09%
ZEC$411.87-1.22%
XLM$0.1859-4.87%
These three small-cap stocks are being shorted heavily currently.
Gold fell over 0.7% on Tuesday amid strengthening dollar and rising yields, as well as uncertain Fed path.
UBS analysts raised the year-end price objective for the S&P 500 by more than 6% despite the market's slow start in 2024.
Tesla's stock fell 2.2% in premarket trading on Tuesday following Musk's stipulation for progressing the company's AI ambitions.
These banks are closest to the central banking sun, taking in energy instead of burning up.
Oil prices jumped higher on Friday after US and UK attacked Houthi rebels. Analysts think further escalation in the conflict may propel Brent above $80.
The December 2023 Consumer Price Index (CPI) reveals a mixed economic landscape, with a 0.3% monthly and 3.4% annual increase in consumer prices.
Due to multiple potential headwinds, HSBC economists think gold is unlikely to remain above $2,000 in 2024.
Two penny stocks in particular could go up substantially.
Is the market actually underestimating Nvidia's chip demand in the near future?
WTI futures fell over 3% on Monday after Saudi Arabia cut the selling price of its flagship Arab Light crude to Asia.
Treasury yields surged on Friday after the NFP report for December exceeded expectations, raising questions about the Fed's plans for a dovish pivot.
An option trader placed a massive trade that the upcoming NFP data will trigger a surge in the US treasury 10-Year yield.