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Investors Pay Attention To Nvidia, Apple, And Microsoft Divergence; Election Shock In France
To gain an edge, this is what you need to know today. Market Cap Divergence Please click here for an enlarged chart of Invesco S&P 500 Eql Wght ETF (NYSE:RSP) compared to SPDR S&P 500 ETF Trust (NYSE
Gold Drops Off a Seven-Week High Even as the Dollar and Treasury Yields Fall
Gold prices dropped off a seven-week high early on Monday as treasury yields widened and the dollar fell ahead of key U.S. inflation data coming this week.Gold for August delivery was last seen down U
Exchange-Traded Funds, Equity Futures Edge Up Pre-Bell Monday Ahead of Powell Testimony, Inflation Data
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.03% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Monday's premarket activity, ahead of key inflation d
The People's Bank of China has suspended gold purchases for two consecutive months, and the spot gold price still reached a high of $2390 per ounce. With the failure of the "barometer", how will the gold price go?
On July 7th, the updated official reserve assets by the State Administration of Foreign Exchange showed that China's official gold reserves in June 2024 remained unchanged at 72.8 million ounces, indicating that the People's Bank of China had paused gold purchases for two consecutive months. Overall, there has not been a significant decline in the investment force in the gold market recently. There are two main risks for gold: one is the Federal Reserve policy risk and the other is the failure of central bank gold purchases to meet expectations.
Express News | China Securities Co., Ltd.: The expected number of interest rate cuts in the United States within the year has been revised to 2 times, which is conducive to pushing up the prices of metals.
Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.
According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.