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Gold surges amid trade war fears and economic concerns

Gold rises above $2,900 as investors seek safety amid escalating US-Canada tariff tensions and recession fears.

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Gold rises above $2,900 as investors seek safety amid escalating US-Canada tariff tensions and recession fears.

In Short

Gold prices have surged above $2,900 an ounce due to concerns about a potential US recession and increased tariffs sparking trade tensions. Analysts expect further interest rate cuts, creating a favourable environment for gold investment amid market volatility.

Gold prices have climbed above $2,900 an ounce as investors turn to bullion for safety amid escalating trade tensions.

President Trump announced a 50% increase in tariffs on Canadian steel and aluminium in response to Ontario’s electricity levy. This decision heightened fears of a global trade war potentially pushing the US economy towards recession.

As a result, US equities fell, and the dollar weakened, which helped lift gold prices by as much as 1.2%. Recent tariff announcements have caused volatility in the stock market and increased investor unease.

Tepid economic reports from the US have raised concerns of stagflation, where inflation risks rise while economic growth declines. This has led traders to expect multiple interest rate cuts from the Federal Reserve this year.

Recession talk

Stephen Jury, a strategist at JPMorgan Private Bank, noted that growing recession talk is likely to lower rates and the dollar, creating a supportive environment for gold prices in the latter half of the year. He views any gold price dips as opportunities for investors to diversify beyond stocks and bonds.

Former Treasury Secretary Lawrence Summers highlighted a nearly 50% chance of a US recession this year, linked to current administration policies undermining confidence.

Gold has risen 11% this year, propelled by uncertainties from the Trump administration, central bank purchases, and anticipation of further interest rate cuts. Spot gold reached $2,916.17 an ounce, while silver, palladium, and platinum also made gains.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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