Gold Price Nears Record High, Despite Strong USD as Potential Obstacle
Gold Price Nears Record High, Despite Strong USD as Potential Obstacle The Gold price (XAU/USD) continues to experience a notable uptrend, recording gains for the sixth consecutive day on Tuesday. This steady ascent brings it tantalizingly close to the all-time high it achieved the day before. The price movement of this precious metal, traditionally viewed […]
Xi’s Ambiguous Remarks Suggest PBOC Moving Toward Fed’s Model
Xi’s Ambiguous Remarks Suggest PBOC Moving Toward Fed’s Model In a recently publicized speech, Chinese President Xi Jinping hinted at a potential shift in the nation’s monetary policy, suggesting the People’s Bank of China (PBOC) might start trading government bonds to manage market liquidity. This move aligns with strategies used by major central banks like […]
ASX 200 Stabilizes Near 7,880 After Retreating from Record Peaks
ASX 200 Stabilizes Near 7,880 After Retreating from Record Peaks The ASX 200 Index, a benchmark for Australian equities, recently experienced a slight retreat to around 7,880 points after scaling new record highs earlier this week on Tuesday. This pullback reflects the market’s natural ebb and flow, particularly after significant gains. Despite this slight dip, […]