• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 23, according to CMEs "Fed Watch": the probability of the Fed cutting interest rates by 25 basis points by November is 91.1%, the probability of maintaining the current interest rate unchanged is 8.9%, and the probability of cutting interest rates by 50 basis points is 0%. The probability of maintaining the current interest rate unchanged by December is 2.2%, the probability of a cumulative interest rate cut of 25 basis points is 29.5%, the probability of a cumulative interest rate cut of 50 basis points is 68.3%, and the probability of a cumulative interest rate cut of 75 basis points is 0%.A U.S. bank trade group has filed a lawsuit against the Consumer Financial Protection Bureau over its "open banking" rules.Qualcomm (QCOM.O) said on Tuesday it will work with Google (GOOG.O) to provide a combination of chips and software that will allow automakers to develop their own artificial intelligence voice assistants. Qualcomm has expanded its business into the automotive sector, with its chips powering both car dashboards and autonomous driving systems used by companies such as General Motors (GM.N). Qualcomm said it is working with Google to develop an Android automotive operating system that will run smoothly on Qualcomm chips. Qualcomm also launched two new chips, one called Snapdragon Cockpit Elite for car dashboards and the other called Snapdragon Ride Elite for autonomous driving functions. Mercedes-Benz plans to use Snapdragon Cockpit Elite chips in future vehicles, the company said.Market news: Apple (AAPL.O) is developing a new App Store application designed specifically for games to make its products more attractive to gamers.According to the New York Times: Microsoft co-founder Bill Gates privately said he has donated $50 million to US Vice President Harris.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.