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Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Metal prices surged, with gold reaching a new record and silver briefly hitting a 12-year high following central banks' easing policies. Copper also experienced a price rally amid China's additional stimulus measures. However, the price rise may not end here. Metal prices surged, with gold reaching a new record high and silver briefly hitting a…

ByPexecoSeptember 29, 20240Comments

Stocks

Nvidia Shares Plummet Amidst AI Stock Sell-Off

As of 2023, Nvidia's stock price has grown by approximately 146% year-to-date, driven by its dominant position in AI chip technology and strong demand for its GPUs. Nvidia shares experienced their most significant single-day decline, dropping over 9% on Tuesday amid a broader sell-off in artificial intelligence (AI) stocks. The market's retreat from AI stocks…

ByPexecoSeptember 4, 20240Comments

Finance News

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

KEY TAKEWAYS Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts. While inflation is likely to continue to trend lower, it likely won’t reach…

ByPexecoJuly 9, 20240Comments

Commodities

Gold Outlook: Volatility ahead for gold’s price

Gold’s price remained relatively stable since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. Also please note that…

ByPexecoJuly 5, 20240Comments

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Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Nvidia Shares Plummet Amidst AI Stock Sell-Off

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

Gold Outlook: Volatility ahead for gold’s price