Wall Street's Inflation Uncertainty Makes S&P 500 Fluctuates Amid Economic Tensions

Traders' Opinions

Stocks

Summary:

Market weighs Q1 strength against inflation concerns and job data. ISM Manufacturing Index surpasses expectations, indicating growth. Powell opts for cautious monetary policy approach.

The U.S. stock market kicks off the week with a mix of optimism and caution, reflecting the tug-of-war between bullish momentum and lingering concerns. Here's a rundown of the latest market happenings and what they mean for investors.

Strength and Weakness Interplay

As Monday's trading session unfolds, the U.S. stock market presents a complex picture, blending signs of strength from the robust first-quarter performance with pockets of weakness driven by ongoing economic uncertainties. Traders find themselves at a crossroads, grappling with the impact of recent U.S. inflation data and eagerly anticipating the upcoming release of the Non-Farm Payrolls report later this week. This clash of perspectives between momentum-driven traders and value-oriented investors is adding a noticeable dose of volatility to the market landscape.

ISM Manufacturing Index Surges

One standout indicator brightening the economic outlook is the ISM Manufacturing Index, which delivers a welcome surprise by expanding for the first time in 17 months. March's reading of 50.3 outstrips both the previous month's figure and market expectations, signaling a noteworthy uptick in manufacturing activity. This growth is propelled by substantial gains in production and prices, although lingering concerns persist around employment, which remains in contraction territory.

Federal Reserve's Stance: Powell's Caution on Rate Cuts

In a recent interview, Federal Reserve Chair Jerome Powell strikes a cautious tone regarding potential rate cuts, citing the current economic landscape. Despite the PCE inflation rate edging slightly above the Fed's 2% target, Powell's remarks hint at a measured approach to monetary policy in the near term, reflecting a delicate balancing act between fostering economic growth and guarding against inflationary pressures.

Stock Market Highlights: Movers and Shakers

Micron Technology is on the rise, buoyed by Bank of America's positive forecast regarding high-bandwidth memory demand. Similarly, 3M is experiencing an upswing following its healthcare spinoff and a substantial settlement. Meanwhile, gold-related stocks like Barrick Gold and Royal Gold are thriving amid heightened gold prices, fueled by speculations of impending rate cuts.

However, not all stocks are basking in the limelight:

Trucking stocks such as J.B. Hunt Transport encounter obstacles as they navigate through market challenges. Conversely, Devon Energy sees an uptick driven by Wells Fargo's favorable forecast, while AT&T contends with the aftermath of a substantial data breach. Tesla and UPS proceed cautiously, reflecting company-specific developments that demand close scrutiny from investors.

Short-Term Outlook: Cautious Optimism Amidst Uncertainty

Against the backdrop of mixed economic indicators and varied company-specific news, the market adopts a cautiously optimistic stance. All eyes are on the upcoming Non-Farm Payrolls report, poised to shape short-term sentiment. While volatility remains a constant companion, there's a slight bullish bias fueled by encouraging manufacturing growth and the Federal Reserve's measured stance on rate adjustments.

Technical Analysis: E-mini S&P 500 Index in Focus

From a technical standpoint, the benchmark E-mini S&P 500 Index charts a path towards higher ground, aiming for a third consecutive session of gains and eyeing another record high. Upside momentum places the upper end of a rising wedge on the radar, while key support levels provide a safety net against potential downturns. A close watch on market dynamics will reveal whether sellers gain traction, potentially signaling a near-term pullback. Wall Street's Inflation Uncertainty Makes S&P 500 Fluctuates Amid Economic Tensions_1

Wall Street's Inflation Uncertainty Makes S&P 500 Fluctuates Amid Economic Tensions_1

In Conclusion: Navigating Market Swings with Vigilance

As the U.S. stock market navigates through early volatility and economic uncertainties, investors must maintain vigilance and adaptability. With a keen eye on economic indicators, central bank pronouncements, and company-specific developments, traders can better position themselves to weather market swings and capitalize on emerging opportunities.

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Chandan Gupta

Traders' Opinions

Economic

Forex

In the realm of currency trading, attention turns to the Japanese manufacturing sector as recent data puts the spotlight on the USD/JPY pairing. Key indicators like the Tankan Large Manufacturing Index and the Jibun Bank Manufacturing PMI offer insights into Japan's economic landscape.

Tankan vs. PMI: A Tale of Two Indices

The Tankan Large Manufacturing Index dipped slightly from 13 to 11 in Q1, falling short of economists' forecast of 10. Meanwhile, the Jibun Bank Manufacturing PMI saw a modest uptick from 47.2 to 48.2 in March. Delving deeper into the survey reveals mixed signals: while employment surged at the fastest pace since July 2023, new orders and output experienced more modest declines. Additionally, factory gate prices saw a notable uptick, contrasting with softer increases in input prices. Despite these fluctuations, business sentiment remained positive, fueled by hopes of a domestic and overseas demand resurgence.

Bank of Japan's Focus: Services and Monetary Policy

The Bank of Japan's attention remains fixed on the services sector and its role in driving demand-led inflation. However, the broader macroeconomic environment must align with further monetary policy tightening. Encouragingly, the manufacturing PMI data suggests improving demand conditions, offering a glimmer of hope for policymakers.

Bank of Japan Chatter: Impact on USD/JPY

Investors closely monitor Bank of Japan chatter, as recent speeches have influenced buyer demand for the yen. Any shifts in narrative, particularly amidst ongoing intervention threats, could exert pressure on the USD/JPY pairing.

US Manufacturing and Federal Reserve Speeches

Meanwhile, US manufacturing sector data also commands attention, despite its contribution of less than 30% to the economy. Anticipated improvements in the ISM Manufacturing PMI could bolster expectations of the US economy sidestepping a recession. Additionally, FOMC member commentary, particularly from speakers like Lisa Cook, could sway investor sentiment, especially in response to the Personal Income and Outlays Report.

US Core PCE Price Index: An Indicator of Demand

The US Core PCE Price Index, which rose by 2.8% year-on-year in March, indicates a strengthening demand backdrop. This improving environment could diminish expectations of a June Fed rate cut, influencing investor bets accordingly.

Short-Term Outlook for USD/JPY

Near-term trends for the USD/JPY hinge on various factors, including services PMIs, central bank rhetoric, and the US Jobs Report. A positive uptick in US service sector activity, coupled with favorable jobs data, could fuel demand for the USD/JPY. However, intervention threats pose a potential limitation to upside movements.

USD/JPY Price Action: A Technical Perspective

Examining the USD/JPY price action on the daily chart reveals a bullish stance, with the currency pair comfortably above key moving averages. Potential resistance lies at the 151.685 level, with a breakthrough paving the way for a run at the 152 handle. Conversely, a dip below the 151 handle could bring the 50-day EMA into play, potentially targeting the 148.529 support level. For USD/JPY, BoJ Talks, US Manufacturing, and Fed Attention Take Center Stage_1

For USD/JPY, BoJ Talks, US Manufacturing, and Fed Attention Take Center Stage_1

Navigating the Currency Markets: Considerations and Contemplations

In navigating the currency markets, traders must weigh various factors, from manufacturing sector data to central bank rhetoric, to gauge the trajectory of currency pairs like the USD/JPY. With each data release and speech, the landscape evolves, presenting both opportunities and challenges for traders seeking to navigate the ever-changing currents of the forex market.

To stay updated on all economic events of today, please check out our Economic calendar

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Chandan Gupta

Traders' Opinions

Economic

Forex

In the ever-fluctuating world of currency trading, the US Dollar stands out as a beacon of stability, maintaining its steady course despite swirling speculation of Federal Reserve rate adjustments. Recent economic data has only served to fuel anticipation of such adjustments, presenting an intriguing scenario for traders keenly observing the dollar's trajectory.

Economic Data Drives Dollar Strength

Key economic indicators, such as the personal consumption expenditures (PCE) price index, have underscored the dollar's resilience. February saw a modest yet significant rise of 0.3%, surpassing market expectations. Paired with a surge in consumer spending, marking its highest level in a year, these indicators paint a picture of underlying economic vigor. Federal Reserve Chair Jerome Powell's acknowledgment of these inflation trends further reinforces positive sentiment towards the dollar.

Federal Reserve: A Shift Towards Easing?

All eyes are on the Federal Reserve as market sentiment leans towards expectations of policy easing. Predictions have pivoted significantly, with the likelihood of a rate cut by June gaining substantial traction. Speculation even suggests a potential reduction of 75 basis points by the end of the year. While indicative of a responsive central bank, these projections also speak volumes about the robustness of the US economy, capable of weathering policy shifts with resilience.

Dollar Index and Global Currency Trends

The dollar index, hovering near a six-week peak, attests to the currency's unwavering strength. As traders eagerly await upcoming employment data, any hints of softening labor markets could catalyze the Fed's rate reduction cycle, further enhancing the dollar's allure. In contrast, while minor fluctuations are observed in currencies like the euro and sterling, the yen's recent decline against the dollar raises eyebrows. Plummeting to its lowest level in 34 years, the yen's plight has sparked speculation about potential Japanese intervention.

Short-Term Market Forecast: Bullish Outlook for the Dollar

Considering the convergence of steady economic indicators, potential rate cuts, and the dollar index's steadfastness, the short-term outlook for the US Dollar appears bullish. Seasoned traders are poised to witness a robust performance from the dollar, particularly as global currency markets adapt to the evolving economic landscape. The dollar remains a steadfast pillar of stability, primed to capitalize on any shifts in policy or economic revelations in the near future.

Technical Analysis

From a technical standpoint, the US Dollar Index is steadily ascending, positioning itself to challenge the February 14 main top at 104.976. A breakthrough at this level would signal a resumption of the uptrend, with the next target set at the November 10 main top of 106.006. Conversely, downside risks are mitigated by the support cluster formed by the 50-day and 200-day moving averages at 103.810 and 103.758, respectively. Economic Indicators Signals DXY Strength Highlights US Dollar's Dominance_1

Economic Indicators Signals DXY Strength Highlights US Dollar's Dominance_1

In Conclusion: Navigating the Dollar's Journey

As traders navigate the complex terrain of currency markets, the US Dollar stands as a steadfast force amidst uncertainty. With rate cut expectations looming and economic data shaping market sentiment, the dollar's trajectory remains a focal point for traders worldwide. With resilience, strength, and potential opportunities on the horizon, the dollar continues to chart its course, leaving traders intrigued and eager to explore its path forward.

To stay updated on all economic events of today, please check out our Economic calendar

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Chandan Gupta

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Commodity

Oil prices are off to a bumpy start this week, as light crude oil futures ride the rollercoaster of supply and demand dynamics. Initially, prices climbed on the expectation of tighter supply, propelled by various factors such as extended OPEC+ production cuts and disruptions in Russian oil refineries due to recent attacks. Positive manufacturing data from China also hinted at potential demand increases. However, the market retreated after nearing its highest level since late October.

Production Cuts and Geopolitical Tensions: A Double-Edged Sword

OPEC+ has decided to prolong its production cuts until the end of June, a move that could potentially squeeze supply during the Northern Hemisphere's summer months. Russia, a significant player within OPEC+, is focusing on reducing oil output rather than exports in alignment with these cuts. Moreover, recent Ukrainian drone attacks on Russian refineries have dealt a heavy blow to Russia's fuel export capabilities, temporarily taking a significant chunk of Russian crude processing offline.

Strong Demand Signals from Europe and China

Surprisingly, despite expectations of a downturn, Europe's oil demand witnessed a year-on-year increase of 100,000 barrels per day in February. Meanwhile, China's manufacturing sector, after six months of stagnation, finally showed signs of growth, hinting at a potential uptick in oil demand from the world's largest crude importer. These developments paint a promising picture for oil demand in the second quarter of 2024.

US Production Decline and Economic Stimulus: Shifting Sands

In January, the United States, a key player in the global oil market, experienced a 6% drop in crude oil production due to adverse weather conditions. On a broader economic scale, China's recent stimulus plans and the anticipation of U.S. Federal Reserve interest rate cuts are expected to provide a shot in the arm for the global economy, subsequently boosting oil demand.

Short-Term Market Forecast: Navigating the Currents

Considering the intricate dance between tightened supply, encouraging demand signals from Europe and China, and the ripple effects of global economic stimuli, the oil market appears to be riding a bullish wave in the short term. With Brent crude expected to hover around $83 per barrel in the fourth quarter of 2024, the risks to this forecast seem to tilt towards the upside. Traders should keep a close eye on the evolving geopolitical landscape and economic data releases for cues on the market's future trajectory.

Technical Analysis: Reading the Signs

Light crude oil futures initially signaled an upward trend early in the trading session on Monday, albeit hindered by low trading volume, which may have prevented a true breakout to the upside. However, the daily chart suggests ample room for further upward movement, with $88.21 identified as the next target. On the flip side, a breach below $82.68 could indicate early signs of weakness, while a drop below $80.30 might signal a shift in the short-term trend to the downside. Crude Oil Global Oil Supply Tightens with Extended OPEC + Cuts_1

Crude Oil Global Oil Supply Tightens with Extended OPEC + Cuts_1

In Conclusion: Navigating the Waves of Uncertainty

As oil markets navigate the choppy waters of supply and demand, geopolitical tensions, and economic stimuli, traders must remain vigilant and adaptable. While short-term forecasts paint a bullish picture, the ever-changing landscape calls for continuous monitoring and strategic decision-making to navigate the currents of uncertainty effectively.

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Chandan Gupta

Traders' Opinions

Commodity

Silver prices are on the rise, buoyed by recent U.S. inflation data signaling a potential slowdown. This news has ignited speculation of a Federal Reserve rate cut as early as June, spurring a rally in silver markets. Today's uptick in silver prices is partly attributed to the reduced opportunity cost of holding bullion against lower interest rates. However, it's worth noting that trading conditions may be affected by the closure of many European and APAC markets for Easter Monday, possibly leading to reversals later in the week.

Federal Reserve and Interest Rate Speculation

Recent U.S. inflation figures have fallen slightly below expectations, supporting the case for a mid-year rate cut by the Fed. Fed Chair Jerome Powell has acknowledged the moderation in February's inflation, aligning with the desired trajectory. The anticipation of rate cuts, along with safe-haven demand and central bank purchases of gold amid geopolitical tensions, has propelled silver prices up by over 3% this year. The key Fed inflation gauge for February rose by 2.8% year-on-year, likely influencing the Fed's near-term decision-making process.

Interest Rates and Silver Trends

Silver prices have historically shown an inverse relationship with interest rates. As interest rates decline, silver becomes more appealing compared to fixed-income assets like bonds, particularly in a low-interest-rate environment. Additionally, overseas demand has contributed to the recent surge in bullion prices. Market reactions are primarily driven by the February personal consumption expenditures (PCE) reading – the Fed's preferred inflation gauge.

Future Outlook

Looking ahead, market sentiment suggests a significant probability of a Fed rate cut in June. However, recent comments from Fed Governor Christopher Waller hint at a potential delay in cutting policy rates, emphasizing the importance of a sustainable inflation trajectory. While the markets anticipate potential rate adjustments, forthcoming economic reports, such as the ISM manufacturing data and the March jobs report, will play a crucial role in shaping the short-term outlook for silver.

Short-Term Market Forecast

Given the current economic indicators and market dynamics, the short-term forecast for silver remains cautiously bullish. The possibility of a rate cut by the Federal Reserve, combined with ongoing geopolitical tensions and safe-haven demand, provides a supportive backdrop for silver prices. However, upcoming economic data releases and the reopening of global markets post-Easter will be key factors in determining the sustainability of this bullish trend.

Technical Analysis

Silver (XAG/USD) is trending higher for a third consecutive session on Monday, with speculators eyeing the March 21 main top at $25.78. This level is followed by the December 4 top at $25.91. On the downside, key support is identified at $24.33. A breach of this level could signal a shift in the short-term trend, with the 50-day moving average at $23.49 serving as the next target. Longer-term support is seen at $23.37. Fed's Rate Stance Fuels XAG/USD Surge as Silver Prices on the Rise_1

Fed's Rate Stance Fuels XAG/USD Surge as Silver Prices on the Rise_1

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Chandan Gupta

Traders' Opinions

Commodity

Gold peaks amid economic signals. Fed's rates, potential cuts drive investment. Central banks diversify with gold purchases, reflecting strategy adaptation. Gold's recent surge to record highs isn't just a stroke of luck; it's a symphony of economic forces and market sentiments orchestrating its ascent. As the world grapples with uncertainty, gold emerges as a beacon of stability in turbulent seas, attracting investors far and wide.

Federal Reserve's Dance with Gold Prices

At the heart of gold's rally lies the Federal Reserve's monetary policy. While interest rates have remained steady, whispers of impending rate cuts loom large. This potential shift threatens the appeal of yield-bearing assets like bonds, nudging investors towards the glittering allure of gold. It's a dance between rates and gold prices, each move influencing the other in a delicate balance.

Global Economic Rumbles and Gold's Glitter

From the bustling streets of Beijing to the vibrant markets of Mumbai, economic tremors are bolstering gold's appeal. China's economic slowdown, particularly in real estate and stocks, has sent investors scrambling for the security of gold. India, a heavyweight in gold consumption, mirrors this trend with futures soaring to unprecedented heights. This global demand underscores gold's universal allure as a safe haven in uncertain times.

Central Banks: A Golden Touch in Uncertain Waters

Amidst geopolitical tensions and a hunger for financial diversification, central banks are turning to gold at an unprecedented pace. This strategic pivot away from traditional reserves like the US dollar signals a broader recognition of gold's value as a stabilizing force in turbulent markets.

Eyes on the Economic Horizon

Investors eagerly await the release of economic data, particularly from the US, for insights into future monetary policies and economic health. Reports on employment and manufacturing will serve as vital signposts for gold's short-term trajectory, influencing market sentiments and investment decisions.

Short-Term Soiree: A Bullish Outlook for Gold

In the short term, the stage is set for gold's continued ascent. Anticipated rate cuts by the Fed, coupled with robust international demand and strategic central bank purchases, create an environment ripe for gold's appreciation. However, this bullish trend isn't impervious to shifts in economic data and global financial conditions. Market watchers remain on high alert, ready to respond to any signals that may sway the course of gold's journey.

Gold's Record High: A Mirror to Global Sentiments

Gold's perch at record highs isn't merely a reflection of present market conditions; it's a mirror reflecting global economic sentiments and monetary policies. As such, investors and traders must remain vigilant, navigating the ever-changing tides of economic indicators and long-term global trends.

Technical Analysis: Unveiling the Numbers

On the technical front, XAU/USD continues its ascent, pressing against yet another record high. While resistance is scarce at current levels, traders must keep a keen eye on intraday and daily charts for potential signs of short-term reversals. On the downside, support levels are identified at $2146.155, followed by the 50-day moving average at $2085.595. Gold Prices Soar Amid Robust Global Demand, Approaching Record Highs_1

Gold Prices Soar Amid Robust Global Demand, Approaching Record Highs_1

Conclusion

As we navigate the intricate dance of gold in the global economy, one thing remains clear: gold's record rally is more than just a financial feat; it's a testament to its enduring allure as a safe haven in uncertain times. So, as we chart our course through economic waters, let's keep our eyes on the gleam of gold, guiding us through the turbulence with steady assurance.

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Warren Takunda

Economic

Stocks

The tech-heavy Nasdaq outpaced Wall Street peers on Monday as megacap growth stocks gained on hopes of an early rate cut by the U.S. Federal Reserve after the latest batch of data showed signs of softening inflation.

The Commerce Department's data on Friday showed the personal consumption expenditures (PCE) price index - the Fed's preferred inflation gauge - rose 0.3% in February, compared with the estimates of a 0.4% increase, according to economists polled by Reuters.

The report strengthened rate cut bets, with money markets pricing in a 66% chance of at least a 25 basis point cut in June, compared with 55% a day before the data was released, according to the CME Group's FedWatch tool.

Fed Chair Jerome Powell said on Friday that the latest U.S. inflation data was "along the lines of what we would like to see" - comments that appeared to keep the central bank's baseline for interest rate cuts this year intact.

Most megacap growth stocks - whose cash flows are typically discounted in a higher interest rate regime - gained, with Microsoft (MSFT.O), opens new tab, Nvidia (NVDA.O), opens new tab, Alphabet (GOOGL.O), opens new tab and Amazon.com (AMZN.O), opens new tab up between 0.8% - 2.6%.

Market participants, however, expect the central bank to stand pat on rates at the upcoming policy meeting in May.

"There hasn't been a whole lot of movement around those three (expected cuts). The market keeps waiting for data, keeps waiting for the Fed to say things, but you're getting some degree of mixed messages," said Thomas Martin, senior portfolio manager at GLOBALT Investments.

"We're in the camp that they won't (cut) in June, but that they will probably do three (sometimes) this year."

The gains on Wall Street have been powered by optimism around artificial intelligence, robust earnings and hopes of a soft landing - where inflation moderates without causing an economic slowdown.

The benchmark S&P 500 (.SPX), opens new tab advanced over 10% in the first three months of the year, its biggest gain since 2019. At current levels, the blue-chip Dow (.DJI), opens new tab sits less than 1% away from breaching the 40,000 level for the first time.

The yield on the 10-year benchmark U.S. Treasury note , however, rose to 4.3032%, touching its highest level in a week and keeping gains in check.

On the data front, the S&P Global's final manufacturing PMI report for March came in at 51.9, while the ISM manufacturing March PMI came in at 50.3 against expectations of 48.5.

At 10:02 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab was down 152.37 points, or 0.38%, at 39,655.00, the S&P 500 (.SPX), opens new tab was up 5.74 points, or 0.11%, at 5,260.09, and the Nasdaq Composite (.IXIC), opens new tab was up 94.21 points, or 0.58%, at 16,473.67.

Nine of the 11 major S&P 500 sectors were trading lower, with utilities (.SPLRCU), opens new tab leading losses, down 1.0%, while communication services (.SPLRCL), opens new tab jumped 1.4%.

The Philadelphia Semiconductor Index (.SOX), opens new tab gained 2.4%, with chipmakers like Micron Technology (MU.O), opens new tab, and Marvell Technology (MRVL.O), opens new tab rising 7.0% and 3.7%, respectively.

AT&T (T.N), opens new tab fell 1.7% after the wireless carrier said it was investigating a data leak that could have impacted nearly 73 million current and former accounts.

Declining issues outnumbered advancers for a 1.42-to-1 ratio on the NYSE and for a 1.33-to-1 ratio on the Nasdaq.

The S&P index recorded 25 new 52-week highs and one new low, while the Nasdaq recorded 62 new highs and 21 new lows.

Source: Reuters

To stay updated on all economic events of today, please check out our Economic calendar

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Wall Street's Inflation Uncertainty Makes S&P 500 Fluctuates Amid Economic Tensions

Strength and Weakness Interplay

ISM Manufacturing Index Surges

Federal Reserve's Stance: Powell's Caution on Rate Cuts

Stock Market Highlights: Movers and Shakers

However, not all stocks are basking in the limelight:

Short-Term Outlook: Cautious Optimism Amidst Uncertainty

Technical Analysis: E-mini S&P 500 Index in Focus

In Conclusion: Navigating Market Swings with Vigilance

For USD/JPY, BoJ Talks, US Manufacturing, and Fed Attention Take Center Stage

Tankan vs. PMI: A Tale of Two Indices

Bank of Japan's Focus: Services and Monetary Policy

Bank of Japan Chatter: Impact on USD/JPY

US Manufacturing and Federal Reserve Speeches

US Core PCE Price Index: An Indicator of Demand

Short-Term Outlook for USD/JPY

USD/JPY Price Action: A Technical Perspective

Navigating the Currency Markets: Considerations and Contemplations

Economic Indicators Signals DXY Strength Highlights US Dollar's Dominance

Economic Data Drives Dollar Strength

Federal Reserve: A Shift Towards Easing?

Dollar Index and Global Currency Trends

Short-Term Market Forecast: Bullish Outlook for the Dollar

Technical Analysis

In Conclusion: Navigating the Dollar's Journey

Crude Oil Global Oil Supply Tightens with Extended OPEC + Cuts

Production Cuts and Geopolitical Tensions: A Double-Edged Sword

Strong Demand Signals from Europe and China

US Production Decline and Economic Stimulus: Shifting Sands

Short-Term Market Forecast: Navigating the Currents

Technical Analysis: Reading the Signs

In Conclusion: Navigating the Waves of Uncertainty

Fed's Rate Stance Fuels XAG/USD Surge as Silver Prices on the Rise

Federal Reserve and Interest Rate Speculation

Interest Rates and Silver Trends

Future Outlook

Short-Term Market Forecast

Technical Analysis

Gold Prices Soar Amid Robust Global Demand, Approaching Record Highs

Federal Reserve's Dance with Gold Prices

Global Economic Rumbles and Gold's Glitter

Central Banks: A Golden Touch in Uncertain Waters

Eyes on the Economic Horizon

Short-Term Soiree: A Bullish Outlook for Gold

Gold's Record High: A Mirror to Global Sentiments

Technical Analysis: Unveiling the Numbers

Conclusion

Nasdaq Jumps on Megacap Gains as Softening Inflation Fans Rate-Cut Hopes

Source: Reuters

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