Gold prices pulled back slightly after rallying and ending higher on Tuesday due to escalating Middle East tensions. The conflict between Iran and Israel raised fears of a wider war, leading to a scramble for safety in the yellow metal. On Monday, gold prices dropped after Powell delivered a slightly hawkish speech. Initially, traders had Read More…
Month: October 2024
Bitcoin Hits Resistance, Bearish 54K in Sight?
Introduction Bitcoin is up 43% YTD and 131% for the past year. The surge has come after a horrific bear market that saw ‘digital gold’ crash by 80%. The rally we have seen has now stalled, and the chart is no longer printing aggressive higher highs like we saw earlier in the year. However, it Read More…
Equities Defy Powell’s Hawkishness, Close at All-Time Highs
Equities ended at record highs on Monday despite a hawkish speech from Powell that led to a drop in rate cut expectations. At the same time, market participants were gearingequ up for a new quarter and week packed with critical US economic data. Last week, equities had risen on Friday after US inflation data revealed Read More…