Interest in Metaverse on the rise: Sharing insights and investment game plan for the Metaverse, Ali Hasan, the CEO of Evest said:
“There is an increased interest in this domain, and traders want to delve deeper to understand trading nuances in the Metaverse…
Interest in metaverse on the rise
Gold Hikes USD Slides, The haven asset was little changed on Tuesday as data showed euro-area industrial production unexpectedly declined in August,
underscoring the risk of a slowdown in the bloc.
Topics
Under Pressure
The Golden Opportunity
Is Now the Time to Invest in Gold
Gold prices have been volatile recently as investors weigh the increasing risk of a global recession against the Federal Reserve’s tightening path.
Some market participants believe that a recession is inevitable, while others believe that the Fed will be able to prevent one.
A report on Wednesday may show US retail sales growth cooled last month,
while gold is still down for the year, it’s recovered about $100 from an August low as investors weigh the prospects for further interest-rate increases by the Fed and risks to global economic growth.
The metal is often seen as a hedge against inflation and currency debasement.
“Gold prices are likely to remain under pressure in the near term given concerns about global trade tensions and rising interest rates,”
ANZ Bank Ltd. analysts including Daniel Hynes wrote in a report dated Tuesday,
Gold steadied on Tuesday with the focus shifting to whether central banks will follow through with more interest rate hikes amid increasing recessionary risks globally.
Investors have been closely monitoring trade tensions between China and the United States as well as yield curves which inverted earlier this year – typically viewed as a recessionary signal – for clues on where markets are headed next.
While gold is still down for the year, it has recovered $100 from an August low, providing some relief to investors who see it’s a safe haven asset during times of market turmoil.
The metal is still down about 7% from a peak in early August when Turkey’s currency crisis and fears of contagion roiled global markets.
Haven demand for gold has since cooled as trade tensions between the US and China eased and the Fed signalled it would pause rate hikes.
While bullion may be steadying around $1,200 an ounce in the near term, with a focus on the outlook for rates and risks of recession, prices are likely to remain under pressure as central banks globally move to normalize monetary policy.
Gold prices gained on Tuesday as a lower dollar increased the attraction of bullion to international investors,
despite worries about expected supersized interest rate rises by the United States.
Further advances were capped by the Federal Reserve.
As of 0709 GMT, spot gold was up 0.2% to $1,653.31 per ounce while gold futures in the United States were down 0.3% at $1,658.50 an ounce.
The dollar index sank to a one-and-a-half-week low as the sterling rose
in response to the UK’s sudden U-turn on its tax-cutting mini-budget that had unsettled global markets earlier this week.”
According to Jigar Trivedi, a senior analyst at Mumbai-based Reliance Securities,
gold’s increase on Tuesday is primarily due to the weakening of the US dollar
but “the investment demand and retail demand have been muted, and there is no major trigger that can take prices above $1700 per oz in the near term”.
There are still concerns related overhang of potential interest rate hikes he added.
The debate over whether or not a recession is coming has caused gold prices to fluctuate between gains and losses.
However, some signs suggest that now may be a good time to buy gold.
One of these signs is the fact that the forecast for a US recession within the next year has hit 100%.
This means that there is an increasing chance of a recession happening shortly.
Another sign is Blinken’s comments about China wanting to seize Taiwan on a ‘much faster timeline.’
This suggests that tensions between China and other countries are likely to increase,
which could lead to more safe-haven buying of gold.
Overall, it seems like now may be a good time to start buying gold.
The risks of investing in other assets are becoming increasingly apparent,
while gold remains relatively stable (despite recent volatility).
So, if you’re looking for somewhere safe to park your money during these uncertain times, Gold may be worth considering
How to Invest in Porsche Stocks, Porsche is a German automotive brand founded in 1930 by Ferdinand Porsche.
The company’s first car, the Type 356, was launched in 1948.
Porsche has since become known for its sports cars, SUVs, and sedans.
Today, the company is one of the most successful automakers in the world.
Topics
Porsche: The Early Years
Public Offering
Porsche Strategy 2030
How to Trade Porsche Stock Prices?
Porsche’s story begins with Ferdinand Porsche, an Austrian engineer who started his design studio in 1930.
Among his earliest clients was Daimler-Benz AG, which commissioned him to develop a new racecar engine.
When Ferdinand Porsche left Austro-Daimler in 1928, he took with him the knowledge of how to develop a high-performance engine.
This led to the development of the Type 360 Cisitalia Grand Prix racecar engine and ultimately to Porsche being hired as chief engineer at Daimler-Benz AG in 1931.
Porsche’s experience with developing high-performance engines was invaluable to Daimler-Benz,
and this expertise helped them create some of the most iconic cars ever made.
The Mercedes-Benz 300SL “Gullwing” is just one example of a car that wouldn’t have been possible without Porsche’s engineering prowess.
So, if you’re an investor or trader looking for opportunities in the automotive sector, keep an eye on companies like Daimler-Benz that can draw on world-class engineering talent like Ferdinand Porsche.
In 1934, Ferdinand Porsche left Daimler-Benz AG to focus on his own business again full-time; he established Dr.-Ing hc Fuhrmann und Kompanie
(later renamed “Dr.-Ing hcFuhrmann & Cie., Konstruktionen und Beratung für Motoren und Fahrzeuge GmbH”).
That same year saw the birth of what would become one of Germany’s most iconic automobiles, the Volkswagen Beetle was designed under Ferdinand Porsche’s direction (though not built by him).
Porsche is best known for its line of sports cars, which are some of the most exclusive and expensive cars in the world.
The company also produces a line of high-performance SUVs (the Cayenne and Macan) as well as sedans (the Panamera).
Porsche also has a motorsport division that competes in various racing series around the world, most notably 24 Hours of Le Man’s endurance race, the World Endurance Championship, and the IMSA Weather Tech SportsCar Championship.
Porsche AG had its initial public offering (IPO) in Frankfurt on Thursday, September 29, 2022.
After establishing an IPO price of EUR82.50 at the top end of its goal range, the firm went public with a value of EUR75.2 billion.
This enabled it to produce over EUR9.2 billion for its owner Volkswagen Group, making it one of the biggest IPOs in both Germany and Europe.
Analysts projected that when Volkswagen first revealed that it was exploring an IPO for Porsche AG in 2020, the sports car maker may seek a valuation of up to EUR90 billion.
Nonetheless, as market circumstances worsened in 2021 and early 2022, this figure plummeted.
Interestingly, several believed that the IPO valuation was excessive.
HSBC estimated the company’s value to be between EUR44.5 billion and EUR56.9 billion two weeks before the IPO.
However, it is important to note that even at the high end of this range, Porsche AG would still be valued at a significant discount to its German peer BMW (which has a market capitalization of over EUR70 billion).
This may reflect concerns about how much independence Porsche AG will eventually have given that it will continue to be controlled by current shareholders after listing and will share its CEO with Volkswagen.
Porsche is a world-renowned car brand that offers six main models, many of which come in different variations.
The company manufactured over 300,000 vehicles in 2021 alone an all-time high following a steady increase in output in recent years.
The automotive industry is changing dramatically, and Porsche is ready for it with its Porsche Strategy 2030.
The purpose of this strategy is to keep the firm relevant and competitive in the face of these developments, whether they are related to the transition to electric cars or the ongoing trend toward autonomous driving.
Porsche has already made significant progress in each of these areas.
In terms of electric cars, it has created the Taycan, an all-electric sports car with outstanding performance and range.
In terms of autonomous driving, Porsche has been developing technology that will allow its vehicles to drive themselves in specific conditions, such as highway cruising or parking.
You may trade Porsche AG shares in the following simple steps:
Create an account or log in if you already have one
Get in touch with your senior account manager
Look for Porsche and start your trading journey
Metal commodities are Taking a Dive, in early U.S. trade Monday, Gold and Silver prices are sliding dramatically, dragged down by a higher dollar index, rising Treasury rates, and lower crude oil prices.
Topics
Federal Reserve’s
Fundamental View
Russia
USD and Jobs Data
China
Technical levels
The United States Federal Reserve’s severely restrictive monetary policy hovers over the precious metals markets.
At the time of writing, December gold was down $19.20 at $1,666.10, while December silver was down $0.40 at $19.86.
Global stock markets were mostly lower overnight.
US market indexes are projected to open slightly lower when the New York day session begins.
Monday is Columbus Day, and many government agencies and banks are closed in the United States.
This week’s stock market traders will be paying close attention to a wave of firm earnings reports.
Gold prices have been under pressure in recent days as the US dollar continues to strengthen.
The gold price fell to a one-week low of $1,661 early Monday morning in Europe and is currently trading at $1,667, down 0.3% on the day.
As a result, the bullion investigates the two-week bounce from the annual low amid a dull day in the US, Japan, and Canada.
The gold price (XAU/USD) has fallen for the fourth day in a row, as bears prepare for a new annual low around a one-week low.
However, the yellow metal’s recent decline might be connected to the strength of the US dollar,
which is supported by multi-year high Treasury rates and hawkish Fed expectations.
It’s worth noting that worries of an economic slowdown and recently muddled Fedspeak haven’t deterred dollar bulls,
with markets pricing in 75 basis points (bps) of the Fed’s rate rise in November.
Worrying statements from the World Bank (WB) and the International Monetary Fund (IMF) combine the recent
Russia-Ukraine spat deepened the risk-off attitude and led traders towards the US dollar,
weighing on the XAU/USD prices, also what should be highlighted is that Russian
President Vladimir Putin’s displeasure with the Crimean bridge explosion also calls into question the mood and weighs against gold prices.
Moreover, the US central bank’s upbeat predictions contrast with the market’s recent
projections of a stop in the rate rise trajectory amid an economic downturn.
The cause also might be tied to the more robust September US jobs data and aggressive Fedspeak.
Furthermore, contradictory news from China and geopolitical concerns from Moscow and Beijing put downward pressure on XAU/USD values.
Due to Beijing’s prominence as a significant commodities user, China’s September PMIs join worries of rising Sino-American squabbles drowning out gold prices.
Since last week pressure has been mounting on gold prices as the US dollar continues to grow stronger.
The US dollar index (DXY) is currently trading at 92.50, up 0.3% for the week, and gold may struggle to find direction in the short term as investors seek new triggers.
Today’s economic schedule in the United States is light but technical levels are worth watching.
The bulls in gold, a push over the $1680 resistance mark could give prices some traction with a move towards $1700, possible if this level is breached convincingly enough.
On the downside, support lies around 1660 dollars per ounce and a break below here could see selling pressure intensify with a move back towards last week’s lows around 1640 dollars per ounce.
The silver bulls have lost their tiny overall near-term technical edge.
The next price target for silver bulls is to close over sturdy technical resistance at the October high of $21.31.
The bears’ next negative price target is to close below sturdy support at $18.00.
The first resistance level is $20.00, followed by today’s high of $20.21.
The next level of support is expected at today’s low of $19.62, followed by $19.25. Wyckoff’s Market Score: 4.5.
Gold’s 3 Weeks of escalation are decreasing
Gold’s 3 weeks, Historically, people have looked to gold as a safe haven asset during volatile market conditions.
But in recent weeks, gold prices have fallen alongside stock prices. This is due to a few factors.
Investors must first sell off their interests when they dispose of assets to raise money.
Second, as a safe-haven currency, the value of the US dollar has been increasing, as a result, gold has been sold to raise money for dollar purchases.
Finally, to support their currencies, central banks around the world have started selling gold holdings.
All of these elements have contributed to the current decline in gold prices.
However, it is important to remember that gold is still a safe-haven asset in the long term.
In times of market turmoil, investors will still flock to gold as a safe-haven asset.
This will eventually lead to prices rising again.
Topics
Time to invest in Gold?
The release of the NFP
Gold prices
The jobless claims for the week ended on September 2 came out at 860K and the share of people in
the workforce has slightly increased to 62.4%. is still a very high level and indicative of a weak labor market.
However, the next NFP release is scheduled for October 7, 2022, at 8:30 a.m. EST. In the long run, gold remains a
safe-haven asset, it is crucial to keep this in mind investors will continue to swarm to gold as a safe-haven asset during market turbulence.
Prices will potentially rise once more as a result of this. Which makes investors ask the million-dollar question;
Is now the time to buy gold? Gold is a great asset to own for the long term.
However, did it reach the lowest dip? Will it be affected when the coming NFP report will be released?
The report will affect the US dollar, which in turn will affect gold. Based on the current market conditions,
gold might not increase in value for the next few days.
However, the market is highly volatile and anything can happen,
investors are waiting in anticipation for the NFP report to be released before they make a decision.
Gold is currently in a bearish market trend.
Will this mean that prices might not increase in value for a while?
Moreover, some analysts believe that there is generally a negative correlation between the two,
meaning that when NFP nonfarm payrolls increase, gold prices tend to fall.
The Gold prices are moving higher in an impulsive manner after breaking the $1,680 resistance level.
The price was trading below the $1,680 level before the release of the US employment data. Gold prices surged higher after the US non-farm payrolls report was released. The price settled well above the $1,696 level and the 100 hourly simple moving average.
The price is currently trading near the $1,710 level, with a positive angle. Immediate resistance is near the $1,712 level, above which it could test the $1,718 level. On the downside, initial support is near the $1,706 level, below which there is a risk of a downside extension below the $1,700 level. Gold prices remain well supported and may continue to rise towards the $1,718 and $1,720 levels.
Support: 1706.40- 1696.75- 1687.60 Resistance: 1712.40- 1718.40- 1723.40
Support: Resistance:
1706.40 1712.40
1696.75 1718.40
1687.60 1723.40
Gold prices decline with anticipation of Jerome Powell’s speech and expectations of a rate hike.
topic
gold prices fell during trading on Monday to settle at the lowest level in the last three weeks,
negatively affected by the strong performance of the US dollar,
and this came amid increasing expectations about raising interest rates
by the US Federal Reserve again at a greater rate to counter inflation.
Gold prices recorded a decline,
as gold futures contracts for September delivery fell to a record $ 1,745 an ounce,
by about 0.98%, and spot gold prices also decreased by 0.82% to settle at $ 1,732 an ounce,
the lowest level since July 28.
Silver futures contracts for December delivery also fell to $ 18.92 an ounce, by 1.34%.
rose to its highest level in more than a month compared to the rest of the other major currencies,
and this was the reason for the increase in the cost of gold for buyers trading in other currencies.
Yields on short-term US Treasury bonds up to 3-year benchmark 10-year bonds
also rose and reached their highest level in a month,
causing an increase in the opportunity cost of holding zero-yielding gold.
Gold is very sensitive to rising US interest rates,
as this will increase the opportunity cost of holding non-yielding bullion.
Markets still expect to raise interest rates by the Fed by 50 basis points
or more at the next meeting in September in order to try to return inflation to the bank’s target,
and this came amid expectations that inflation may reach its peak and
with increasing fears of recession, which will push gold to increase its Backtracks.
This week, attention turns to the comments of US Federal Reserve Chairman
Jerome Powell in his speech at the annual World Banking Conference next Friday
Also, gold was subjected to pressure in the selling operations in order to
take profits from the high levels of gold during the last three weeks.
artical name Gold prices decline with anticipation
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