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Is it a good time to buy gold or prepare for further declines?

Metals

Gold prices have experienced a significant decline following Donald Trump’s decisive victory in the recent U.S. presidential election. This outcome has led to a surge in the U.S. dollar, which reached a four-month high, and rising Treasury yields, creating downward pressure on gold. Analysts, including James Hyerczyk from FX Empire, have noted that traders are locking in profits amid these market shifts, with gold now facing a critical support test near the 50-day moving average at approximately $2,636.66. The upcoming Federal Reserve rate decision adds further uncertainty to the market.

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Invest amid the seize the Bitcoin Boom

Crypto

Bitcoin is once again approaching its all-time high, yet this surge in price has not significantly increased retail investor interest. Despite hitting $73,562 on October 29, the cryptocurrency’s popularity among retail investors remains tepid, with search trends and app rankings showing little change.

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Middle East tensions provoke raise price gold!

Metals

Amid escalating geopolitical tensions in the Middle East and significant economic data from the US, gold prices have surged to record highs. Investors are navigating a landscape filled with uncertainty, from potential Federal Reserve interest-rate cuts to the upcoming US presidential election, making gold a favored safe-haven asset.

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Top currency pairs to invest now!

Currencies

The global financial markets have been witnessing significant movements across various currency pairs. This article will delve into the recent trends and reversals observed in pairs such as GBPCAD, USDCAD, EURAUD, EURGBP, GBPUSD, EURUSD, and USDJPY, examining the underlying factors and potential future directions.

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Gold’s meteoric rise amid Israel-Hamas war

Metals

The price of gold has recently seen a significant recovery, climbing over 1.0% to trade in the $2,660s per troy ounce. This resurgence is largely attributed to heightened geopolitical tensions following the Israeli army’s ground invasion of Lebanon, which has increased the demand for gold as a safe-haven asset. Several factors have contributed to the recent movements in gold prices.

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Key Oil market moves to invest

Energy

Saudi Arabia is poised to shift its oil production strategy, moving away from its unofficial target of $100 per barrel. This change comes as the kingdom prepares to incrementally increase its monthly oil output, aiming to add a total of 1 million barrels per day by December 2025. This policy shift acknowledges the current weakness in oil prices and aims to stabilize the market while ensuring the kingdom’s economic stability through alternative funding sources.

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Gas. Winter is coming!

Energy

Natural gas prices have been experiencing significant fluctuations due to various global factors. A decline in energy consumption in the US and Europe has put downward pressure on prices, while geopolitical tensions, particularly in the Middle East, have disrupted global trade and energy supplies. Additionally, Europe is grappling with the aftermath of an energy crisis triggered by the Russian invasion of Ukraine.