Author: Admin
Gold price (XAU/USD) holds positive ground around $4,335 during the early Asian session on Wednesday. The precious metal rebounds from its lowest levels of the year, which reached last week after the United States (US) and Iran had agreed on a framework deal to end the war. All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday. Washington and Tehran are preparing to formally sign an interim peace deal that’s left both sides claiming victory, per Bloomberg. A US official said the full accord may be published in the next two days ahead of a…
“Although she is quite frugal, she has not been particularly diligent with investing.”
A 101 guide for anyone who’s ever wondered why the gold price on their screen doesn’t always match what they expected. Read on. Most people check the gold price and assume that’s the number that matters. But people residing in Australia should know that gold is not originally priced in Australian dollars on the global market. It’s priced globally in US dollars and then converted into AUD. What this really means is that in Australia, gold prices are influenced by two moving parts at the same time: the global gold price and the AUD/USD exchange rate. Once you understand how…
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, explaining the reasons behind leaving the benchmark interest rate unchanged at 4.35% after the June monetary policy meeting.Bullock is responding to media questions as part of a new reporting format for the central bank that began last year.Key quotes from the RBA Press Conference Inflation remains too high.Flow of data consistent with our expectations.Reports of a peace deal in the Middle East are welcome news.Does not rule out further tightening if needed.Too early to say if the cooling housing market will help on policy.We are not forecasting…
These stocks trade at or lower than half the P/E valuation of the S&P 500, while having much higher projected revenue growth rates than that of the index.
Everything you need to know about what scrap gold is, what it’s worth, and how to sell it fairly, explained simply. Read on. Most people have a piece of gold jewellery somewhere that they never wear anymore. Broken chains, single earrings, and rings that don’t fit anymore sit in our drawers for years and do not come in use. Most assume these pieces have little to no value because they’re damaged or outdated. When it comes to precious metals like gold, condition doesn’t matter nearly as much as people think. Gold is valued for its metal content, not how it…
National Bank of Canada (NBC) discusses USD/CAD, noting the pair has been consolidating and may remain range-bound. The bank highlights that recent moves reflect shifting expectations for Federal Reserve and Bank of Canada policy. Their analysis suggests limited directional conviction, with USD/CAD likely to oscillate within established technical levels over the coming days.USD/CAD seen consolidating in range”The USD/CAD pair has been trading sideways in recent sessions, reflecting a lack of clear directional catalysts as markets reassess the relative policy outlooks of the Federal Reserve and the Bank of Canada.””We continue to expect USD/CAD to trade within a broad range in…
President Donald Trump said Sunday that the U.S. has agreed to a peace deal with Iran, ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock.
More Australians are planning to invest in gold as part of their super, especially when the market feels uncertain. At first, it sounds simple, like you buy gold, hold onto it, and expect it to grow over time. But when you do this through a Self-Managed Super Fund (SMSF), there are a few important rules you need to be aware of. An SMSF gives you full control over your investments, but it also means you are responsible for following the rules properly. To help you understand, here’s our 101 guide that explains those SMSF gold rules in a simple way,…
MON: G7 Summit (15-17 Jun), German Wholesale Prices (May), Indian WPI (May), EZ Industrial Production (Apr), US Industrial Production (May) TUE: BoJ Policy Announcement (Jun), RBA Policy Announcement (Jun), G7 Summit (15-17 Jun), Chinese Industrial Production (May), Retail Sales (May), Unemployment Rate (May), Italian HICP Final (May), EZ/German ZEW Survey (Jun), US ADP Employment Change Weekly, US Building Permits (May), US Import Prices (May) WED: Fed Policy Announcement (Jun), Riksbank Policy Announcement (Jun), BCB Policy Announcement (Jun), ECB Wage Tracker (Jun), IEA OMR (Jun), G7 Summit (15-17 Jun), Japanese Balance of Trade (May), UK Inflation (May), South African CPI (May),…