In early April the market has bounced from the support level marked by March 8 local low of $1,663.30.
Where would the price of gold go following last Friday’s NFP release? We’ve compiled the data since September of 2018, a 32-month-long period of time that contains of thirty two NFP releases.
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Traders snapped up bearish contracts even as dozens of short-term options expired, with the price of one put surging as much as 7,757%.KGI Securities’ trader Kevin Lee, who has been a local stocks trader for a decade, said clients started to panic as the morning wore on.“There were non-stop orders coming in,” Lee said.
investigators say at least $4.5 billion was stolen from 1MDB between 2009 and 2014, in a wide-ranging scandal that has implicated high-level officials, banks and financial institutions around the world.
Rising yields reduce non-interest-bearing bullion’s appeal, and a stronger dollar hurts the precious metal as it’s priced in the greenback.Markets were already concerned about rising inflation amid surging commodity prices, which sparked a sell-off in global equities on Tuesday.
senator on Tuesday asked the chief executives of Toshiba America Electronic Components, Seagate Technology, and Western Digital Corp if the companies are improperly supplying Huawei with foreign-produced hard disk drives.
Last week, he told lawmakers that the cryptocurrency market “could benefit from greater investor protection.”On Tuesday, the SEC said it would “consider whether, in light of the experience of mutual funds investing in the Bitcoin futures market, the Bitcoin futures market could accommodate ETFs.” The agency also said staff would:Scrutinize the Bitcoin futures market to judge whether it “appropriately” supports mutual fund investments in the derivativesLook at funds’ ability to liquidate their derivatives in the cryptocurrencyReview funds’ valuations of holdingsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
BEIJING -China should implement its commitments to equal treatment for foreign business and abandon “implicit” guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday.
Wendy’s is getting ready for customers to return to its restaurants with new launches like the fried chicken sandwich, to tackle that of its competition, iced beverages and its popular breakfast offerings.
“With Penn it was a beat-and-raise quarter where the regional casino business is just on fire and I think you’ll have the best of both worlds with Penn in the reopening and leveraging the Barstool brand.”The latest drop for DraftKings has pushed it to the lowest level in six months, while Penn National’s 6.1% drop on Wednesday has it on pace to close at the lowest since Dec.
LONDON -Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a growing interest in decentralised finance applications and increasing institutional interest in cryptocurrencies.
A surprisingly big jump in inflation last month knocked the stock market lower again as investors worry that the economy may bounce back too fast from its pandemic-induced doldrums. Bond yields snapped higher after the government reported that consumer prices rose 0.8% in April, more than expected, and prices rose year-over-year at the fastest rate since 2008.
consumer prices on Wednesday triggered a global rates selloff, sending benchmark gilt yields to their highest level in around two months and spurring traders to bring forward their expectations for a BOE rate hike.The central bank traditionally shifts its key interest rate by multiples of 25 basis points, though it cut rates by 15 basis points in March 2020, at the height of the coronavirus pandemic.