Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …
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The US Dollar continued its upward trajectory on Monday, buoyed by expectations of a potential slowdown in inflation. This positive sentiment follows the mixed labor market data released last week, which suggested that the Federal Reserve might be less aggressive in cutting interest rates.Inflationary pressures have been a key driver …
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The US Dollar continued its upward trajectory on Monday, despite a general decline in US Treasury yields. This positive sentiment reflects steady expectations that the Federal Reserve will implement a rate cut at its upcoming meeting.The US Dollar Index (DXY) reached its highest level in three days, approaching 101.80. Investors …
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Oracle Corporation’s stock soared after the company delivered impressive financial results for its fiscal first quarter. The database software giant exceeded analyst expectations on both earnings and revenue, signaling robust growth in its cloud services and license support business.Oracle’s impressive financial results and strategic moves have positioned it as a …
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The GBP/USD exchange rate has retreated below the 1.3100 mark, driven by waning expectations of a substantial interest rate cut by the Federal Reserve. This downward trend is gaining momentum, with technical indicators suggesting further declines.The GBP/USD exchange rate is currently in a downward spiral. While there is a possibility …
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Apple’s recent event in Cupertino, California, marked a significant milestone in the evolution of smartphones with the introduction of the iPhone 16 series. This latest lineup, which includes the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max, showcases Apple’s commitment to innovation and AI integration.Key …
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Gold prices have remained relatively stable in recent weeks, fluctuating within a well-defined range. While the precious metal briefly touched new all-time highs following the release of the August Nonfarm Payrolls report, it has since retreated slightly. Gold trades up and down within a range under its record highs. US …
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The Euro (EUR) has been under pressure against the US Dollar (USD) as market participants have scaled back expectations for a significant interest rate cut by the Federal Reserve (Fed). This shift in sentiment has strengthened the USD, pushing the EUR/USD pair below 1.1050.The weakening of the EUR/USD pair is …
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Oil futures rose by around 1% on Monday, recovering from last week’s steep losses as a potential hurricane neared the U.S. Gulf Coast, a critical area for refining. Brent crude climbed 67 cents, or 0.94%, to $71.73 per barrel by 0901 GMT, while West Texas Intermediate (WTI) crude rose 68 …
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U.S. stock futures inched up on Monday as investors continued to debate the Federal Reserve’s upcoming interest rate decisions following a weaker-than-expected jobs report. Meanwhile, Boeing secured a tentative deal with its largest labor union, and Canadian retailer Alimentation Couche-Tard reiterated its commitment to a $38.5 billion takeover bid for …
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