Trusted News Discovery Since 2008
{{/content}}
Gold prices surge! Is there more upside left in the yellow metal rally?
Credit: IndiaTimes- Published 3 weeks ago
Gold prices surged despite 'risk-on' environment and rising interest rates, driven by factors like US government debt, geopolitical changes, and central banks' actions. Abhishek Goenka advises long positions in gold and US treasuries for potential rewards.
Video credit: Wibbitz Top Stories
Published 3 weeks ago - 01:31
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
You are here
Related videos from verified sources
**UPDATE** Powerful SILVER RALLY Ahead! - (Fireworks for GOLD and Silver) 45:47
Credit: Rumble - Published 4 days ago
Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News 02:13
Credit: Oneindia - Published 2 weeks ago
Monetary WWIII Starting; Asset Confiscation | Alasdair Macleod 44:05
Credit: Rumble - Published on April 2, 2024