Gold Prices Surpass $2,700 for the First Time, Continuing Record-Breaking Surge
Markets are focused on increasingly fraught geopolitical developments after Israel said it killed Hamas leader Yahya Sinwar, the architect of the Palestinian group’s attack on southern Israel that triggered a yearlong war in Gaza. Prime Minister Benjamin Netanyahu said Israel would keep fighting until all the hostages captured by Hamas last year are free, even […]
Weekly Market Outlook: PMI Data and IMF Meeting Take Center Stage
Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda Read More: Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead? Week in Review: US Earnings Surprise and Gold Hits Fresh Highs The week drew to a close with fresh highs for the S&P 500 and Gold while US earnings continued on […]
Transforming Wealth Management: The Impact of AI
How AI will transform wealth management Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Instead of raging against the machine, serial entrepreneur Adam Dell is encouraging us to embrace AI in financial planning. “[It] is going to pervade every aspect of our economy,” the Domain Money […]
Keep an eye on the Trump trade: Predicting the winner of the presidential election
Who will win the presidential election? Watch the Trump trade The so-called Trump trade is coming back as polls have started to tilt toward the former president in the election. Due to the Electoral College’s peculiarities, even slight changes in presidential polls in just a handful of states could signal a decisive shift toward either […]
What Are You Voting For When You Choose a Texas Railroad Commissioner?
When you vote for a Texas Railroad commissioner, what are you voting for? This election season Texans will, yet again, have an opportunity most people in the U.S. do not have: They will vote on who should regulate the state’s oil and gas industry, one of the biggest fossil fuel industries in the world. In […]
This Week in Bidenomics: October Lift-off
This week in Bidenomics: October upswing In financial markets, October is a spooky month, notorious for crashes, increased volatility and geopolitical skullduggery. Election year Octobers are even more tumultuous, as uncertainty rises and investors try to guess which candidate’s policies they’ll be dealing with for the next four years. This October, however, is turning out […]
Gold Price Surges Past $2700/oz – What’s Next for XAU/USD?
Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead? Most Read: S&P 500, Nasdaq 100 – Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next? Gold prices advanced further overnight gaining acceptance above the $2700/oz as global rate cut bets intensified. The killing of Hamas Political Bureau leader and of […]
China’s Economic Challenges Prompt Exodus from Finance Sector
China’s Economic Struggles Drive Exodus In Finance Industry Faced with slower-than-expected economic growth and increased regulation, some Chinese financial professionals have been leaving the industry for opportunities in other fields, per a new report. Goldman Sachs this week raised its GDP growth forecast for China from 4.7 percent to 4.9 percent, signaling optimism over Beijing’s […]
Gold Prices Surge to New Record High Amid US Election Uncertainty and Monetary Easing
Bullion has now risen by more than 30% this year, setting multiple record levels along the way, with the precious metal driven by prospects of further Federal Reserve rate cuts and ongoing geopolitical risks. “On top of the concerns in the Middle East, you are also nearing the US election, which is looking like a very […]
The US Stock Market Continues to Set New Records: What’s Next?
US Stocks are hitting one new high after another. The Morningstar US Market Index is up more than 21% so far this year, having rebounded from an August swoon. The index is up about 65% since bottoming out in September 2022. “We’ve been surprised to the upside by how resilient equity markets have been, even in the […]