ADVFN US – Market Content Editor
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Oil continues higher as U.S.-Iran tensions fuel supply fears
Oil prices advanced again on Thursday, as diplomatic efforts between Washington and Tehran unfolded alongside an uptick in military activity across the strategically vital Middle East energy corridor. By 0735 GMT, Brent crude was up 23 cents, or 0.3%, at $70.58 per barrel, while U.S. West Texas Intermediate (WTI) gained 25 cents, or 0.4%, to…
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Gold climbs back above $5,000 as geopolitical tensions support demand; Fed minutes temper gains
Gold prices moved higher in Asian trading on Thursday, building on a more than 2% surge in the prior session, as investors weighed ongoing geopolitical risks alongside mixed messaging from the Federal Reserve. Spot gold rose 0.9% to $5,019.95 per ounce by 02:03 ET (07:03 GMT), while U.S. gold futures advanced 0.6% to $5,037.75. The…
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Bitcoin dips under $67k as Fed minutes reinforce hawkish tone
Bitcoin slipped on Thursday, extending its recent pullback after the Federal Reserve’s January meeting minutes delivered a more hawkish message, adding to uncertainty around the future path of U.S. interest rates. Digital assets were also weighed down by broader risk aversion amid escalating geopolitical tensions between the United States and Iran. In contrast, gold outperformed…
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Fed minutes strike hawkish tone; Walmart earnings in focus – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures moved modestly higher on Thursday, pointing to a continuation of the prior session’s tech-led gains. Investors weighed hawkish signals in the Federal Reserve’s January meeting minutes, while oil prices climbed on renewed Middle East tensions. Earnings from Walmart (NYSE:WMT) and Deere (NYSE:DE) are also due, offering fresh insight into key segments of…
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People Make Markets: Why NEO Battery Materials Could Now Repeat the Successes of Patriot Battery and Enovix
In the global battery market, the harsh reality has set in that a patent alone is worthless if it cannot be scaled. History is full of start-ups that delivered brilliant lab results but failed in the transition to mass production. Today, professional investors are looking less at theoretical energy densities and more at the minds…
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U.S. Stocks Pull Back Off Early Highs But Close Firmly Positive
Stocks showed a strong move to the upside in early trading on Wednesday before giving back some ground over the course of the session. The major averages pulled back well off their highs of the session but managed to end the day firmly in positive territory. Adding to the modest gains posted during Tuesday’s session,…
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The End of the “Cost of Carry”: Streamex Announces Launch Date for GLDY, the World’s First Yield-Bearing Tokenized Gold Security
For centuries, gold has been the ultimate store of value, but it has always come with a catch: it is a “lazy” asset. To hold physical gold, investors have historically had to pay for the privilege through storage fees, insurance costs, and management premiums. Today, Streamex Corp. (NASDAQ:STEX) announced it is officially ending that era.…
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U.S. Durable Goods Orders Fall in December, But Decline Milder Than Forecast
New orders for long-lasting manufactured goods in the United States edged lower in December, though the drop was not as steep as analysts had anticipated, according to fresh data from the Commerce Department released Wednesday. Durable goods orders declined 1.4% during the month, following a sharp upwardly revised surge of 5.4% in November. Economists had…
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U.S. Housing Starts Jump in December, Beating Forecasts
New data from the Commerce Department released Wednesday showed a notable rebound in U.S. homebuilding activity at the end of the year. Housing starts climbed 6.2% in December to a seasonally adjusted annual rate of 1.404 million units, following a 3.9% rise in November to a revised 1.322 million pace. The December figure came in…
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U.S. Stocks Set for Firmer Open as Nvidia Rallies: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were trading higher early Wednesday, signaling a stronger start on Wall Street as investors look to build on the prior session’s modest advances. Nvidia (NASDAQ:NVDA) was a key driver in premarket action, rising 1.9% after unveiling a broad, multi-year strategic alliance with Facebook parent Meta Platforms (NASDAQ:META). The agreement spans on-premises systems,…