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Archive for tonfx
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Gold Prices Extend Rally on Weaker Dollar
Introduction: In a continuation of its upward trend, gold prices marked a sixth consecutive day of gains on Wednesday. The precious metal’s ascent was attributed to a combination of factors, including a softer dollar, safe-haven demand, and geopolitical tensions in the Middle East. Additionally, investors eagerly anticipated insights from the Federal Reserve’s minutes from their […]
Nvidia Faces 6% Drop, Biggest Loss 14 Months
Investors brace for impact as Nvidia’s shares plummet by over 6%, setting the stage for the company’s most significant single-day decline in approximately 14 months. All eyes on Wednesday’s results, with market expectations predicting a staggering 240% surge in quarterly revenues, reaching an impressive $20.6 billion. Despite Tuesday’s setback, Nvidia’s stock maintains a resilient posture, […]
Understanding Impact Declining Inflation Canadian Dollar
In recent economic developments, inflation in Canada has exhibited a notable decline, dropping from 3.6% to 3.3%. This shift in inflation rates is poised to have significant implications, particularly in the realm of monetary policy. Analysts are predicting an acceleration in the Canadian interest rate cut, and the effects are already apparent as the Canadian […]
Gold Holds Steady Amidst Dollar Strength: Eyes on Fed Minutes
As the financial markets navigate through shifting dynamics, gold prices exhibited resilience on Tuesday, edging higher despite a stronger dollar. The spotlight is now firmly on the Federal Reserve’s minutes from the January meeting, scheduled for release on Wednesday, with investors eagerly seeking insights into the potential trajectory of interest rates. Gold’s Resilience: Despite a […]
