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Gold Traders on Edge — What’s Next?
Tension is building. Gold has been the star of the show for weeks, but now everyone’s asking the same question: “How long can this run last?” Big players are scaling in and out, retail traders are chasing breakouts, and social feeds are full of “gold to the moon” calls.
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Pound Sterling rises further against Greenback on weakening US job market
The Pound Sterling rises to near 1.3500 against the US Dollar amid the US job market slowdown.The US government shutdown could escalate already weakening job conditions.BoE’s Breeden argues in favour of unwinding monetary policy restrictiveness. The Pound Sterling (GBP) ticks up to near 1.3500 again
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Dollar at risk from likely lack of a bipartisan accord to increase the debt limit
Second-quarter GDP growth was revised higher last week, and home sales, durable goods orders and personal income and spending all came out stronger than expected. The US economy seems to be growing at a steady rate even while the labour market creates few jobs, a sign that the employment slowdown ha
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Fed's Barkin: Not much confidence in any inflation forecast at this point
In an interview with Bloomberg Television, Richmond Federal Reserve Bank President Thomas Barkin said that he doesn't have much confidence in any inflation forecast at this point, per Reuters. Key takeaways "Companies want to pass costs on, but consumers are trading down and shopping carefully." "In
