Category: Economics

7 Lithium Stocks to Consider Investing In: Q3 Update

Crisis has become an opportunity for beaten-down lithium stocks. For one, according to Exxon Mobil (NYSE:XOM), “the world urgently needs more lithium than it’s producing today.” Two, we’re just starting to see electric vehicle sales bounce back. In fact, according to Kelley Blue Book, about 330,460 EVs were sold in the U.S. just in the […]

Gold Price Forecast: $2500/oz Re-emerges as US Dollar Index (DXY) Recovers

Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline. Most Read: S&P 500, Nasdaq 100 […]

Gold Prices and Poverty Drive Illegal Mining in the Peruvian Amazon

Villagers in the northern rainforest region of Loreto have become more dependent on illegal mining for their livelihood as the pandemic hit the economy and the illegal activity became more profitable. Gold prices have soared nearly 30% so far in 2024 and are on course for their biggest annual rise since 2010. The problem is […]

Aflac’s CIO approaches generative AI with caution, but is still embracing the technology in innovative ways.

Why Aflac’s CIO won’t ever be first to market with generative AI—but is still finding ways to adopt the technology Aflac is embracing generative artificial intelligence, though the insurance company isn’t using the technology externally. At least, not yet.  “Alfac is taking a more conservative approach,” says Shelia Anderson, chief information officer at the insurance […]

Low Prices Pressure U.S. Oil and Gas Production

Low Prices Squeeze U.S. Oil and Gas Output By John Kemp, energy analyst U.S. oil production growth continues to slow in response to the fall in prices, as the initial shock from Russia’s invasion of Ukraine and the sanctions imposed in response more than two years ago fades. Crude and condensates output from the Lower […]

Gold (XAU/USD) Prices Decrease as Q3 Comes to an End

Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction? […]

Surge in Gold Prices Dampens Physical Demand in Major Markets

“Physical demand in general is super low everywhere now,” said Robin Kolvenbach, head of Swiss-based refinery Argor-Heraeus SA. “There was a spike in demand in August when India cut its import duty, but since then it has gone completely dead again.” India, the world’s second-biggest bullion consumer after China, slashed import duties on gold in […]

Global Derivatives Exchange to Introduce Spodumene Futures Contract

The CME Group, a prominent player in the global derivatives marketplace, has announced its plans to enhance its offerings in battery metals by introducing a Spodumene CIF China Futures contract scheduled for launch on October 28, 2024, pending regulatory approval. This move comes in response to rising trading activity in the battery metals sector, driven […]

Stock Futures Show Mixed Signals as Major Indexes Approach Record Highs

Stock futures are mixed on Tuesday as fourth-quarter trading gets underway with major indexes at record highs, while investors await key economic data releases in the coming days.  Futures tied to the Dow Jones Industrial Average were down 0.3%, while those linked to the S&P 500 were off less than 0.1% and Nasdaq 100 futures […]

Weekly Market Outlook: Will NFP Jobs Data Deter a 50bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Read More: Bitcoin Price Analysis: Key Support Levels and Market […]