Gold rally is just the beginning in 2024

In 2024, the gold market saw a significant upswing in prices; this is merely the start of a new wave that is anticipated to continue. After years of rising prices, the market has finally broken through the $2,075 long-term pivot. Experts and commentators have been debating this move for a number of years. The gold … Read more

Is there any stopping Gold?

The current price of gold (XAU/USD) ended the week higher than it started, rising by +4.3% and testing all-time highs above $2,330/ounce due to speculative buying, geopolitical tensions, and forecasts of lower rates this year. Unquestionably, the yellow metal is on the rise and has been since late 2022, when it formed a bottom in … Read more

Pre Asia open: Earnings season is in the purview but the spotlight is still on this week’s March CPI and PPI

Markets The offset in average hourly wages, which was in line with forecasts, prevented cross-asset investors from suffering another meltdown despite a home run headline NFP reading. This was made possible by Friday’s spike in equities. ADP’s “pay insights” data earlier in the week showed double-digit wage rise for job-switchers, which alarmed the Fed with … Read more

ECB and US CPI in the headlights this week

The US Employment Situation Report concluded last week. The US economy added almost 300,000 jobs in March, surpassing the median forecast of 210,000 jobs (previous data: slight downward revision from +275,000 to +270,000). This was a big beat for the markets in terms of employment growth.This was the biggest one-month increase in almost a full … Read more

Will Crypto Have to Go to The Supreme Court For Clarity?

According to Amanda Tuminelli, chief legal officer, cryptocurrency might require Supreme Court action. The opinion is expressed in the context of divergent district courts’ classification decisions regarding cryptocurrency assets. Experts speculate that the XRP winning decision may be overturned by a higher court. Market participants for cryptocurrencies are still demanding unambiguous regulations from US authorities, … Read more

Crypto volumes doubled in March – JPMorgan

March saw significant increases for cryptocurrencies, nearly doubling trade volumes to an all-time high as the top coins reached previously unexplored heights and altered the dynamics of the market. In a research report, JPMorgan (JPM) stated that the capitalization of the cryptocurrency market increased by 19% in March, indicating that growth is still occurring, albeit … Read more