The gold market has seen a significant price increase, with gains of 21% in 2024 and 32% over the past year. While other commodities, including precious metals like silver and platinum, have struggled, palladium has seen significant declines. Unlike previous gold bull markets, this rally is occurring under unique circumstances, raising the question of what factors could potentially halt its upward trajectory.
-- Gold prices steadied in Asian trade on Wednesday after hitting record highs this week as the prospect of lower U.S. interest rates battered the dollar and spurred more flows into the yellow metal.
The final bank holiday of the summer brings an opportunity to spend a few hours on some jobs that could have a huge impact on your bank balance.
-- Most Asian currencies steadied on Wednesday with the Japanese yen weakening slightly after a strong rally earlier this week, while persistent bets on U.S. interest...
-- The Japanese yen firmed sharply over the past month as the Bank of Japan began raising interest rates, sparking a rapid unwinding in the yen carry trade that had...
-- Japan’s trade balance shrank more than expected in July as persistent disruptions in manufacturing output spurred slower-than-expected growth in exports, while...
The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) snapped their eight-day win streak after closing Tuesday's session in negative territory. Stocks moved lower as volatility (^VIX) ticked higher ahead of the Jackson Hole Economic Symposium, where Federal Reserve Chair Jerome Powell will speak on the direction of interest rates on Friday. Julie Hyman and Alexandra Canal recap the day's market action, including activity seen in Treasury yields, gold prices (GC=F), and tech leaders in the Nasdaq 100 (^NDX). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Solar energy and battery storage operator Sunrun (RUN) recently reported a milestone of 1 million household customers — estimated to equal about 3 million total individuals — an industry first. The rest of the solar industry has not performed as well, seemingly due to higher for longer interest rates. Sunrun CEO Mary Powell joins Asking For A Trend to give insight into the company's performance and the solar industry at large. Powell sets the scene for why solar has performed the way it has: "There were some interesting currents over the last couple of years. I would say the most powerful was the rapid rise in interest rates. And, you know, Sunrun, what we did is what great companies do, which is we just leaned right into the wind and said, 'We're going to come out stronger [on] the other side.' And we have emerged stronger from basically every metric you could look at." "The biggest tailwind... is the fact that utility rates are doing nothing but rising at the same time that reliability is going down. So cost is going up, the predictability and stability is going down," Powell explains to Julie Hyman and Josh Lipton. Sunrun's adaptability has allowed it to take on battery storage services along with electric vehicle charging for its customers. "We are moving very fast into a multi-product space meeting customers wherever they are on their clean energy journey," Powell says. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino
The rising prospect of a Democratic victory is forcing traders to unwind "Trump trades" including the bid in the dollar, Macquarie says, as Democratic presidential...
US stock market averages (^DJI, ^IXIC, ^GSPC) open Tuesday's session slightly lower, just below their flatlines. The Nasdaq Composite and S&P 500 hope to continue their latest win streak after closing yesterday's session on their eighth-straight day of gains. Seana Smith, Brad Smith, and Jared Blikre examine the tech-driven rally that has propelled stocks forward in late August, noting the S&P 500 to have exited correction territory. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.