Gold prices witnessed a sharp uptick in midday U.S. trading on Thursday, nearing daily highs and edging closer to recent record levels. Concurrently, silver prices posted modest gains, buoyed by increased technical buying and bullish chart patterns. Gold Price Movement  Market Performance June gold exhibited notable strength, climbing $27.10 to reach $2,239.90 per ounce. Similarly, …

Gold Prices Surge Amid Bullish Momentum قراءة المزيد »

Investors worldwide have been gravitating towards the U.S. dollar since mid-2021, causing several foreign currencies to plummet against the greenback. According to Kathy Jones, Schwab’s chief fixed income strategist, this surge in demand for the U.S. dollar can be attributed to various factors. Economic Strength and Policy Measures The United States’ robust emergence from the …

Understanding the Surge in Demand for the U.S. Dollar قراءة المزيد »

  At the outset, Spirit Airlines announced on Friday a significant development regarding its agreement with International Aero Engines (IAE) through the end of 2024. This arrangement stems from Spirit’s inability to utilize aircraft affected by engine issues, leading to a monthly credit from IAE. Compensation Details According to a filing with the U.S. Securities …

Spirit Airlines Agreement with International Aero Engines قراءة المزيد »

The US Dollar (USD) surged during the mid-European session, propelling the EUR/USD pair to a fresh one-month low of 1.0774. The decline intensified following Germany’s report of a 2.7% year-on-year decrease in Retail Sales for February, far worse than the anticipated 0.8% decline. Additionally, investors are closely monitoring central bank officials’ remarks, with upcoming rate …

The US Dollar Gains Momentum قراءة المزيد »

At the start of the short trading week due to holidays, gold prices are still on their strong upward trend, gaining at the start of the week to reach the resistance level of $2182 per ounce. This is closest point to the psychological resistance level of $2200 per ounce. Last week, gold prices moved towards …

Why You Should Invest in Gold in April قراءة المزيد »

The commencement of a new financial year often brings about changes in financial regulations and policies, impacting various sectors, including credit cards. Here’s a comprehensive overview of the significant updates affecting credit card holders starting from April 1, 2024: Changes in SBI Credit Card Reward Points H2: Discontinuation of Reward Points on Rent Payments Effective …

Key Credit Card Updates Effective April 1, 2024 قراءة المزيد »

Robinhood, known primarily for its trading platform, has ventured into the realm of financial services with the launch of a new credit card. In a blog post on Tuesday (March 26), the company highlighted the need for change in the credit card landscape, aiming to simplify the experience for consumers overwhelmed by various credit card …

Robinhood’s New Credit Card: Revolutionizing Rewards and Financial Services قراءة المزيد »

As part of a strategic move, UBS and Apollo have reached a significant agreement, culminating in the conclusion of various contractual arrangements. This deal signifies a pivotal moment as Atlas SP (Atlas) finalizes its Transition Services Agreement with UBS, while simultaneously closing out UBS’s Investment Management Agreement with Atlas. Acquisition of Senior Secured Financing Facilities …

Strategic Credit Agreement: UBS and Apollo’s Milestone Deal قراءة المزيد »

In the early American session on Tuesday, the price of gold (XAU/USD) rallied above a two-day high, nearing the $2,190 mark. This uptick comes as the US Dollar experiences a correction. The Dollar faces downward pressure as Federal Reserve (Fed) policymakers signal a growing confidence in easing price pressures. Despite recent hot inflation readings in …

Gold Price Surges Above $2,190 Amid Dollar Correction قراءة المزيد »

Throughout centuries, analysts have delved into the correlation between gold and inflation. While gold prices may experience short-term volatility, a broader analysis spanning longer periods indicates that gold not only correlates with inflation but also serves as a hedge against it. Similarly, silver is often utilized by investors for inflation hedging purposes. Defining Inflation Contrary …

Gold and Inflation: Understanding the Relationship قراءة المزيد »

Introduction The US dollar index finds itself at a critical juncture, teetering on the edge of a potential third consecutive monthly gain. Despite hovering around the open price for March and encountering resistance at a key trendline, the dollar’s trajectory remains uncertain. Furthermore, a review of recent data reveals a slight erosion in the dollar’s …

US Dollar Outlook: April Pressure Looms as GBP/USD Shows Strength قراءة المزيد »

At the onset of the abbreviated trading week due to holidays, gold prices maintain their upward trajectory, with a notable surge reaching the resistance level of $2182 per ounce. This level represents the closest point to the psychological barrier of $2200 per ounce, indicating a strong bullish sentiment among investors. Last week witnessed gold prices …

Gold Prices Remain Bullish Amidst Holiday-Shortened Trading Week قراءة المزيد »