Gold Under Pressure from Higher US Inflation

Gold Under Pressure prices experienced a decline in European trade on Wednesday, marking the second consecutive loss as profit-taking activities offset record highs, while the dollar rebounded following surprise US inflation data. The latest figures indicate ongoing inflationary pressures, impacting the Federal Reserve’s monetary policy stance and potentially affecting the likelihood of an interest rate…

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Nickel Declines in mineral markets witnessed mixed movements on Wednesday, with nickel prices facing declines amidst concerns over increased supplies, while copper prices surged to a seven-month high following news of production cuts by Chinese smelters. Copper Prices Reach New Heights Three-month futures for copper at the London Metals Exchange (LME) reached $8799 per tonne,…

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Will Gold Prices have on a remarkable journey? Surging to unprecedented heights in recent years. The allure of this precious metal has captivated investors worldwide, with its value soaring past $2100 per ounce, setting new records and igniting hopes for further appreciation. Amidst this fervor, JPMorgan, a renowned financial institution, has made a bold prediction,…

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British Pounds (GBP) has seen notable strength against both the US dollar (USD) and the Euro (EUR) in recent weeks, driven by evolving interest rate expectations among major central banks. As market sentiment shifts, GBP/USD approaches multi-month highs while EUR/GBP eyes new lows. Let’s delve into the factors contributing to these movements and analyze the…

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United States Inflation on Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer price index survey, a key report that is anticipated to provide fresh insights into recent inflation dynamics and guide the Federal Reserve’s near-term monetary policy outlook. Projections…

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Standard Chartereds a renowned Asia-focused lender, is undergoing significant changes in its leadership structure. Simon Cooper, the head of investment banking, is set to depart from the bank as part of a management reshuffle. This article delves into the details of this development and its implications. Simon Cooper’s Departure and Reasons Behind It Simon Cooper’s…

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Inflation In the intricate landscape of financial markets, various indicators serve as barometers of economic health. One such crucial metric is inflation, which not only influences consumer spending patterns but also shapes investor sentiment and central bank policy decisions. The Significance of Inflation in Market Dynamics Inflation, often dubbed as the silent thief of purchasing…

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Two Cryptocurrencies enthusiasts, the prevalence of cryptocurrencies trading below $1 might be surprising, especially amid a flourishing bull market led by Bitcoin (CRYPTO: BTC), which continues to achieve new all-time highs. While there’s a considerable pool of cryptocurrencies in the top 50 by market capitalization that have the potential to reach the $1 mark, only…

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Brent Sharpens In the realm of global oil markets, the international benchmark Brent experienced a decline in European trading sessions on Monday, marking its second consecutive session of losses and reaching a two-week low. The dip comes amidst growing apprehensions regarding weakened demand in China, a pivotal player in the world’s energy consumption landscape. Concerns…

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U.S. Bank Profits banking sector experienced a significant downturn, with profits plummeting by almost half, according to a report released by the Federal Deposit Insurance Corporation (FDIC) on Thursday. This decline comes as large firms started paying substantial fees to aid in recovering costs stemming from several bank failures earlier in the year. Reasons Behind…

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