Gold Constrained after Hot US Producer Inflation & Ahead of the Fed
XAU/USD consolidates its recent gains as hot PPI exacerbates the sticky inflation theme and complicates the Fed policy path, ahead of next week’s decision
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XAU/USD consolidates its recent gains as hot PPI exacerbates the sticky inflation theme and complicates the Fed policy path, ahead of next week’s decision
USOIL moves higher after the International Energy Agency raised its 2024 forecast for demand and lowered the one for output
Copper rose to the highest levels in nearly a month after Chinese smelters have reportedly agreed to cut output, amidst broader supply concerns
The pair pulled back from its 2024 highs as US inflation came in hotter than expected on Tuesday and UK wage growth eased, with the rate decisions by both CBs due next week
The pace of pay increases slowed further according to today’s data, helping the pair, ahead of next week’s UK inflation and BoE decision
HKG33 makes a strong start to the week helped by Chinese inflation pickup and Xiaomi’s jump after announcing deliveries of its first EV within the month
Comcast’s Universal got the most awards in Sunday’s Oscar ceremony with Oppenheimer, Disney’s Searchlight followed with Poor Things, Netflix , Warner and Amazon got just one accolade, while Apple won nothing
The tech giant is having a tough year, as it has not responded to the AI progress of its rivals and its lack of innovation hurts its growth, which in turn creates headwinds for the stock
The EV startup unveiled three impressive smaller and more affordable electric vehicles, which will be crucial for its future and the expansion of its customer base
The pair extends its correction to key tech levels as Mr Powell remarks maintained expectations for cuts, while markets are coming to grips with prospects of an end to BoJ’s negative rates
NGAS post a recovery this week, as major drillers slash production outlook and the International Energy Agency forecasts an acceleration in demand
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