-
Gold could fall to $2,500 before ‘Trump Trade’ euphoria subsides – Nicky Sheils
Gold and silver have struggled in the wake of Donald Trump’s re-election, and with concerns such as the threat of World War III decreasing, one analyst said the bullish case for precious metals is on the back burner until the current market euphoria subsides. Surveying the markets one week after Trump’s Victory, Nicky Shiels, Head of Research & Metals Strategy at MKS PAMP, said that “animal spirits have been reawakened,” highlighting that the “SPX is at $6k, Bitcoin is eyeing $100K, the US$ is flying, while the air has been taken out of precious & commodities, for now.” Shiels underscored the ... (full story)
- Comments
- Subscribe
-
- Older Stories
From abs.gov.au|Nov 13, 2024Key statistics In trend terms, in October 2024: • unemployment rate remained at 4.1%. • participation rate increased to 67.2%. • employment increased to 14,541,200. • employment ...
From brecorder.com|Nov 13, 2024The meeting will be the third between the leaders of the world’s two biggest economies and their second since a major ice-breaking set of talks in California a year ago. “We ...
From @financialjuice|Nov 13, 2024post: RBA GOVERNOR BULLOCK NOTES GLOBAL BOND MARKETS ARE BEHAVING WELL post: RBA GOVERNOR BULLOCK: CENTRAL BANK NOT AS RESTRICTIVE AS OTHERS, BUT STILL SUFFICIENTLY SO. post: RBA GOVERNOR BULLOCK: BOND MARKETS INDICATE RISING GOVERNMENT DEBT post: RBA GOVERNOR BULLOCK WARNS OF RISK OF SEVERAL SUPPLY SIDE SHOCKS FOR CENTRAL BANKS post: RBA GOVERNOR BULLOCK: DEMAND IN ECONOMY STILL HIGH
-
- Newer Stories
From scotiabank.com|Nov 13, 2024US core inflation was on consensus and at 0.3% m/m SA remains too warm for achieving the FOMC goals. The estimates were on the screws, yet prompted a rally in rates that resulted ...
From bnnbloomberg.ca|Nov 13, 2024Gold held a four-day drop as a sharp rally in the dollar weighed on the metal, even as US inflation data supported the case for another Federal Reserve rate cut next month. ...
From mining.com|Nov 13, 2024Citigroup Inc. cut its short-term outlook for copper prices by 11% as likely hikes in US trade tariffs under a Trump presidency and weaker-than-expected China stimulus would weigh ...
- Story Stats
- Posted: Nov 13, 2024 7:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 283
