Author: Fiona Craig
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Gold Prices Slip as Trump Pushes Back Tariff Deadline and Rate Cut Prospects Dim
Gold prices edged lower during Monday’s trading session in Asia, pressured by a stronger U.S. dollar and revived trade tensions after new tariff threats from President Donald Trump. Additionally, stronger-than-expected U.S. employment data last week has dampened hopes for near-term interest rate cuts, adding downward pressure on the precious metal. Despite Trump’s fresh warnings on…
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Oil Prices Slide Following Bigger-Than-Expected OPEC+ Supply Increase
Oil prices dropped significantly during Asian trading hours on Monday after OPEC+ revealed plans to raise production by more than anticipated for August, sparking worries about a potential glut in the market. By 21:06 ET (01:06 GMT), September Brent crude futures slipped 1.1% to $67.50 per barrel, while West Texas Intermediate (WTI) futures tumbled 2.1%…
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Dow, S&P, Nasdaq Futures Slip as Investors Eye Trump’s Tariff Moves
U.S. equity futures drifted lower Monday as markets prepared for possible volatility tied to the upcoming expiration of President Donald Trump’s tariff suspension. The administration is expected to inform trading partners about revised tariffs by July 9, a date that could have significant implications for international commerce. Meanwhile, political tensions simmer as Trump criticizes Elon…
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How AI Is Changing Stock Trading: Benefits, Uses, and Risks
Artificial Intelligence (AI) has become a powerful force in the world of stock trading, reshaping how investors research markets, execute trades, and manage risk. As markets grow faster and more complex, AI offers tools that help traders respond with precision and speed. This technology is now widely used in trading for: AI and Market Research:…
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BofA’s Hartnett: S&P 500 Faces a ‘Bubble or Bust’ Summer as Investor Flows Shift Sharply
The U.S. stock market is approaching a potential turning point, warns Bank of America’s Michael Hartnett, who sees the S&P 500 walking a tightrope between explosive gains and a sharp reversal. According to a recent client note, if the benchmark index pushes past the 6,300 mark in July, it could trigger a key technical “sell”…
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S&P 500 and Nasdaq Hit Record Levels Amid Trade Concerns and Political Moves
U.S. stock markets wrapped up a holiday-shortened week on a strong note, with both the S&P 500 and Nasdaq Composite reaching new all-time highs. While investors in the U.S. showed confidence, European markets remained cautious amid ongoing uncertainty about America’s aggressive trade tactics. Stocks Boosted by Strong Employment Data and Policy Advances On Thursday, the…
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Dollar Slides Amid Trade Uncertainty and Growing U.S. Debt Worries
The U.S. dollar softened against key global currencies on Friday as investor nerves increased ahead of a critical tariff deadline and rising concerns over America’s fiscal outlook following President Donald Trump’s approval of a major tax cut and spending package. Although the dollar gained ground on Thursday, boosted by stronger-than-expected job data that pushed back…
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Gold Set for Weekly Rise as U.S. Fiscal Worries and Trade Disputes Boost Demand
Gold prices gained ground in Friday’s Asian trading session, recovering from earlier declines this week and positioning the metal for a notable weekly advance. Investor concerns about the growing U.S. fiscal deficit and upcoming trade policy decisions out of Washington have driven demand for gold’s safe-haven appeal. Spot gold rose by 0.5% to $3,341.34 per…
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Oil Prices Dip Slightly Ahead of OPEC+ Summit as U.S. Expands Sanctions on Iran
Oil prices edged down during Friday’s trading session in Asia, with investors closely watching for clues from the forthcoming OPEC+ meeting. Meanwhile, new sanctions imposed by the U.S. on Iran helped prevent a sharper drop in crude prices. September Brent crude slipped by 0.2% to $68.66 per barrel, while WTI futures declined by the same…
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CoreWeave Stock Rises as It Launches NVIDIA’s Powerful New GB300 NVL72 AI Platform
Shares of CoreWeave Inc. (NASDAQ:CORE) gained 3.2% on Thursday after the company unveiled its role as the first cloud provider to roll out NVIDIA’s (NASDAQ:NVDA) groundbreaking GB300 NVL72 AI system—marking a major leap in generative AI infrastructure. The GB300 NVL72 platform represents a significant step forward in AI processing, offering up to 10 times faster…