Newsfeeds Archive - Page 32 of 150

2 minute read

Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains

March 28, 4:12 PM

Gold prices hit new high of $2,220/oz as central banks anticipate rate cuts. Gold miners' stocks also surge, with VanEck's GDX up 20%.

ARNGF

2 minute read

Stocks Pause As Traders Reassess Interest Rate Path, Gold Makes New Highs, Bitcoin Rebounds: What’s Driving Markets Thursday?

By Piero Cingari

March 28, 1:49 PM

In the final session of the short trading week leading up to Easter festivities, U.S. equity indices held steady, reflecting some setbacks in market expectations regarding interest rate reductions.

AEM

2 minute read

Easter’s Bitter Surprise: Cocoa Is Up 240% In A Year – What Can A Ton Of The Chocolate Commodity Get You Today?

By Piero Cingari

March 28, 1:29 PM

Cocoa prices surged to a staggering $10,000 in the last week of March 2024, marking an unprecedented 240% increase from the previous year that’s bound to affect chocolate lovers this Easter.

BTC

2 minute read

Fed’s Waller Sends Shiver Down Investors’ Spines: ‘There Is No Rush To Cut’ Interest Rates

By Piero Cingari

March 28, 9:41 AM

Waller opposes rate cuts and has a cautious approach to Fed interest rates. Uncertainty in inflation progress, data-driven policy.

UUP

2 minute read

US Economic Growth Upwardly Revised To 3.4% In Q4, Jobless Claims Slow: Thursday’s Economic Digest

By Piero Cingari

March 28, 8:46 AM

US GDP revised upward in Q4 2023 but still slower than previous quarter. Weekly jobless claims lower than expected. USD index up 0.3% on hawkish Fed remarks.

SPY

2 minute read

Golden Cross Pattern Emerges In US Energy Stocks: Goldman Sachs Names 5 ‘Top Upstream Oil Picks’

By Piero Cingari

March 27, 4:43 PM

US energy stocks form 'golden cross,' signaling potential uptrend continuation, with Goldman Sachs bullish on oil prices and top picks.

CNQ

2 minute read

Small Caps Rally, Magnificent 7 Ease, Gold Eyes $2,200, Bitcoin Falls Below $69,000: What’s Driving Markets Wednesday?

By Piero Cingari

March 27, 1:51 PM

Wall Street witnessed a mixed session on Wednesday morning trading, with tech giants seeing slight declines while blue chips and small caps recording gains.

BRZE

2 minute read

Investors On Edge With Consumer Inflation Data Due Friday, Rate Cut Hopes Hang In The Balance

By Piero Cingari

March 27, 12:08 PM

Investors await February's PCE inflation data, key for Fed's rate cut expectations. Economists predict slight increase in annual and monthly PCE and steady core PCE inflation. Market reactions could vary depending on report's outcome.

QQQ

2 minute read

Yellen Issues Warnings On China’s Green Energy Exports: It ‘Hurts American Firms And Workers’

By Piero Cingari

March 27, 11:04 AM

Janet Yellen warns of China's aggressive export strategy in green technology and its potential negative impact on global industries, while highlighting US efforts to strengthen domestic renewable energy sector.

ICLN

2 minute read

Manufacturing Rebound Puts Markets Between ‘Goldilocks’ And ‘Reflation Flirtation’: Goldman Sachs

By Piero Cingari

March 27, 10:07 AM

Goldman Sachs predicts a favorable juncture for risky assets as global manufacturing activity aligns with service sector growth, bolstering investor confidence.

MAGS