Gold Price Recovers Some Losses, Still Below Key 50-Day SMA Resistance
Gold Price Recovers Some Losses, Still Below Key 50-Day SMA Resistance During Tuesday’s Asian trading session, gold prices (XAU/USD) experienced some buying, partially offsetting Monday’s modest losses. This revival is driven by U.S. macroeconomic data that suggest easing inflation pressures, heightening anticipation of a potential Federal Reserve rate cut in September. These developments provide some […]
Fed’s Harker Advocates for Single Rate Cut in 2024 Based on Economic Forecast
Fed’s Harker Advocates for Single Rate Cut in 2024 Based on Economic Forecast Patrick Harker, President of the Federal Reserve Bank of Philadelphia, believes that one interest rate cut this year would be suitable, based on his current economic outlook. He emphasized the need for more consistent signs of declining inflation before considering a rate […]
Nvidia Overtakes Apple in $71 Billion ETF Reshuffle
Nvidia Overtakes Apple in $71 Billion ETF Reshuffle One of the most significant technology ETFs, the $71 billion Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is expected to undergo a major rebalancing that will significantly increase its exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL). This […]