News
Gold Retreats From Peaks But Maintains Bullish Momentum
Gold prices dipped slightly on Friday but remained near record highs as uncertainty surrounding the upcoming U.S. presidential election and escalating tensions in the Middle East fueled safe-haven demand. Despite pressure from a stronger dollar and higher Treasury yields, gold was on track for its third consecutive week of gains, with spot gold rising about 0.2% for the week after hitting a record high of $2,758.53 an ounce.
"The Obstacle Is the Way" – Mike Maloney & Robert Helms on OPPORTUNITY
In this exclusive interview from the Limitless Expo, Mike Maloney and Robert Helms, host of The Real Estate Guys, dive deep into the mindset ....
Oil Market Navigates Choppy Waters of Global Conflicts and Political Change
Global oil markets experienced modest fluctuations on Thursday as traders grappled with ongoing geopolitical uncertainties in the Middle East and Eastern Europe. The upcoming U.S. presidential election added another layer of complexity to the market outlook. While oil prices have rebounded slightly this week, they remain volatile due to conflicting factors such as potential supply disruptions and concerns about economic growth and demand. Analysts suggest that these opposing forces may prevent a clear price direction in the near term.
Technical Signals vs. Market Momentum: Analyzing Gold and Silver's Recent Rally
Gold and silver prices have reached record and 12-year highs respectively in October 2024, defying traditional market dynamics by rallying despite a stronger US dollar and higher interest rates. While technical sell signals emerged on Wednesday, the article questions their reliability given the precious metals' recent strong performance and suggests potential trading strategies based on key support and resistance levels.
Election Outcome Could Swing Bitcoin Price by $40K, Says Crypto Expert
Travis Kling, founder of Ikigai Asset Management, predicts Bitcoin's price could reach $80,000 after the upcoming election. He sees the current market as hedging between these outcomes. Kling also discusses the rise of memecoins as a response to the lack of real use cases for many altcoins, and notes Wall Street's growing involvement in crypto through ETFs and options.