Gold trades above $1950 after USD declines, PCE index forecast to show sustained inflation

By Bhavik Patel Gold futures are trading above $1950 comfortably after USD declined due to ease in the banking crisis and softer Germany’s inflation. The preferred inflation indicator of the Federal Reserve, the PCE (Personal Consumption Expenditures Price Index) will be released today and forecast is that inflation will remain elevated. This will be positive […]

Asia stocks on edge for earnings, China data

Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering. Markets have also seen a mood shift on the outlook for U.S. interest rates, with futures implying an 80% chance the Federal Reserve will […]

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