Tag Archives: gold

Trump Declares Victory in Presidential Election

Trump Declares Victory in Presidential Election, Calling It the Greatest Political Movement in American History

Republican candidate Donald Trump declared his victory in the 2024 U.S. presidential election on Wednesday, describing it as the “greatest political movement ever” and stating that he has “made history” with this win. Trump expressed his gratitude to his supporters and thanked them for helping him secure a second term as President of the United States. This announcement came after he took the lead in critical states such as Pennsylvania, North Carolina, and Wisconsin.

 

Content
Trump
Gold

 

 

 

 

Trump

Trump Media Group Stock Soars 41% After Trump Announces Election Victory and Receives Congratulations from European Leaders
The stock of “Trump Media & Technology Group” surged by 41.28%, reaching $47.95 during pre-market trading on Wednesday following Republican candidate Donald Trump’s announcement of his victory in the U.S. presidential election and his receipt of congratulations from several European leaders.
The stock, associated with the media industry, is seen as an indicator of market expectations regarding Trump’s chances of defeating his Democratic rival, Kamala Harris. Although the vote count has not been officially completed, early results suggest Trump has gained enough votes to become the 47th president of the United States.
This increase follows a 1.16% decline in the stock on Tuesday, closing at $33.94, impacted by voting-related volatility and the group’s announcement of a $19.2 million loss in the third quarter and a 5.6% drop in revenue to $1.01 million.

 

 

 

 

Gold

Gold Prices Plummet as Dollar Rises After Preliminary Results of Trump’s Presidential Victory
It prices saw sharp declines in early Wednesday trading following the announcement of Republican candidate Donald Trump’s win in the U.S. presidency, according to preliminary results. Fox News reported that Trump won Pennsylvania and Wisconsin, boosting his chances of becoming the 47th president of the United States, with Republicans potentially controlling both the House and Senate.
The preliminary results drove the U.S. dollar to its highest level since July, reaching 105.013 points, up by 1.53%. This surge in the dollar decreased demand for dollar-priced commodities, leading to a drop in gold prices. Spot gold prices fell by about 0.64% to $2,726.06 per ounce, while gold futures dropped by 0.51% to $2,735.55 per ounce.

 

 

Trump Declares Victory in Presidential Election

Which is Better for Preserving Wealth, Gold or the Dollar?

Which is Better for Preserving Wealth, Gold or the Dollar?

When it comes to preserving wealth and saving, many investors face an important choice: Is it better to invest in gold or hold onto dollars? Each option has its own advantages and challenges, and the decision depends on various economic and financial factors.

 

Topic

Gold as a Safe Haven

The Dollar and Fiat Currencies

Comparison

Conclusion

 

 

 

 

 

Gold as a Safe Haven

  • Long-term stability: Gold is considered a safe haven in times of economic uncertainty, retaining its value even during inflation or deflation periods.
  • Protection from inflation: When currency values decline, demand for gold increases as a wealth-preserving asset.
  • Lower risk, lower returns: Although gold is stable, its returns are not as high as other investments, but it remains a safe long-term option.

 

 

The Dollar and Fiat Currencies

  • Liquidity and flexibility: The dollar provides quick liquidity and is easy to use in everyday transactions, also serving as the world’s primary reserve currency.
  • Market fluctuations: The dollar can be affected by inflation and monetary policies, and may lose purchasing power over time.
  • Other investment opportunities: Holding dollars can open doors to other investments like real estate and stocks, but it requires constant market monitoring.

 

 

 

 

 

 

Comparison

Between Gold and the Dollar

  • Safety: Gold offers more safety during crises compared to the dollar.
  • Returns: The dollar may be more beneficial for short- to medium-term investments.
  • Volatility: Gold is less volatile during times of crisis, while the dollar can be heavily influenced by economic and political events.

 

 

 

Conclusion

In the end, the choice between gold and the dollar depends on the investor’s financial goals and the surrounding economic conditions. For those seeking safety and protection from inflation, gold is an excellent option. On the other hand, for those looking to leverage liquidity and investment opportunities, the dollar can be a suitable choice, but one must be mindful of its volatility risks.

 

 

 

Which is Better for Preserving Wealth, Gold or the Dollar?

Asian Stocks Fall Amid Uncertainty Over U.S. Interest Rates

Asian Stocks Fall Amid Uncertainty Over U.S. Interest Rates

Asian stocks experienced a significant decline on Thursday, following a drop in U.S. equities and government bonds.
This decline was triggered by strong economic data, raising doubts about the Federal Reserve’s potential rate cuts in the near future.

 

Topic

Markets

Elections

Oil

 

 

 

 

 

 

Markets

Performance of Asian Stock Markets

Stock indices in Japan, Australia, and South Korea all fell, leading to a regional index decline for the second consecutive day.
Meanwhile, Chinese stocks were volatile, while Hong Kong shares rose after a report showed the first monthly growth in Chinese manufacturing data since April.
Xiao Jiaqi, an economist at Crédit Agricole, stated in an interview with Bloomberg TV:
“There is still a need for further rate cuts to boost household consumption and encourage private investment.”

 

 

Decline in U.S. Stocks and Futures

In U.S. markets, futures fell following disappointing earnings forecasts from Microsoft,
along with a decline in Meta Platforms’ shares.
The S&P 500 index dropped by 0.3%, while the Nasdaq 100 fell 0.8% on Wednesday.

 

 

U.S. Rate Cut Bets

U.S. Treasury yields remained stable in Asian trading, while Australian and New Zealand bond yields rose.
On the other hand, the global bond index reached its lowest point in nearly three months.
The strong growth of the U.S. economy in the third quarter reduced expectations for monetary easing,
as data showed accelerated household purchases and government spending, pushing the core inflation rate up by 2.2%.

 

 

 

 

 

 

Elections

Impact of U.S. Elections

As the U.S. elections approach, some experts have expressed concerns about their effect on inflation.
Daniel Yu, head of asset allocation at Yuanta Securities,
noted that a potential victory for former President Donald Trump could shift investment trends.
He added that Trump’s proposed policies, including corporate tax hikes,
could increase inflationary pressures, delaying any rate cuts.

 

 

Currency Market Volatility

The Japanese yen remained stable against the U.S. dollar at 153 yen,
ahead of the Bank of Japan’s interest rate decision.
Meanwhile, the U.S. dollar volatility index reached its highest level since December 2022,
indicating market readiness for significant currency fluctuations.

 

 

 

 

Oil

Global Markets and Oil Prices

Oil prices rose slightly on Thursday, continuing gains from the previous session,
while gold prices stabilized at around $2,787 per ounce after hitting record highs.
These movements reflect investor caution ahead of the U.S. elections.

 

 

Post-Election Outlook

Barclays analysts suggested that investors are in a “wait and see” mode ahead of the elections,
with stock market inflows remaining steady throughout October despite lower trading volumes.
Despite expectations of a Trump victory, Citi Group strategists warned that markets could see a correction following the results,
given the positive sentiment that has driven the S&P 500 to six consecutive months of gains.

 

 

 

Asian Stocks Fall Amid Uncertainty Over U.S. Interest Rates

Which is Better: Investing in Gold or Trading Stocks?

Which is Better: Investing in Gold or Trading Stocks?

When it comes to growing and preserving wealth, many people ask this question:
Is it better to invest in gold or trade stocks?
The answer largely depends on each person’s financial goals,
risk tolerance, and understanding of financial markets.

 

Topic

Investing in Gold

Trading Stocks

Which is Better

 

 

 

 

Investing in Gold

Gold is considered one of the oldest and most well-known ways to preserve value.
Many people turn to it during economic crises or when their local currency depreciates.
Gold maintains its value over time and is considered a safe haven against inflation and the devaluation of paper currencies.

 

Advantages of Investing in Gold:

  1. Preservation of Value: Gold is a safe haven during times of economic instability.
  2. Portfolio Diversification: Gold can be a way to reduce risks and diversify an investment portfolio.
  3. Liquidity: Gold can be sold relatively easily at almost any time.

 

Disadvantages of Investing in Gold:

  1. Limited Returns: Gold does not generate steady income like dividends from stocks. Its value relies primarily on supply and demand.
  2. Storage Costs: There may be associated costs with storing gold, such as insurance and protection.

 

 

 

 

 

Trading Stocks

Stocks represent a share in a company, which means you own a small part of that company.
Trading stocks can be highly profitable, but it requires a deep understanding of the markets and a strong investment strategy.

 

Advantages of Trading Stocks:

  1. High Returns: Stocks offer the opportunity for significant returns in the long term, especially through dividends and capital appreciation.
  2. Liquidity: Stocks are easily bought and sold in financial markets.
  3. Diverse Opportunities: You can choose from thousands of companies across various industries and sectors.

 

Disadvantages of Trading Stocks:

  1. High Risk: Stock trading comes with a high level of risk. Stock values can drop significantly during economic downturns.
  2. Volatility: Stock prices are affected by numerous factors, such as the financial performance of companies and economic or political changes.

 

 

 

 

 

 

 

Which is Better

There is no one-size-fits-all answer. If you’re looking to preserve the value of your money over the long term and are cautious about risks, gold might be a good option. However, if you’re aiming for higher returns and can handle the risks associated with market volatility, stocks may be the better choice.

The best approach may be to combine both: investing in gold to preserve wealth and trading stocks to generate higher returns over the long term. Balancing both can offer greater stability and better opportunities to achieve your financial goals.

 

 

Which is Better: Investing in Gold or Trading Stocks?

 

Australian Job Market Numbers Exceed Expectations

Australian Job Market Numbers Exceed Expectations

Data released by the Australian Bureau of Statistics on Thursday morning showed
that the Australian job market performed better than expected in September.

 

 

Content:
Australia
Gold
Inflation

 

 

Australia

The Australian economy added approximately 64.1 thousand jobs, surpassing market expectations of only 25.2 thousand jobs.
These numbers also exceeded August’s revised figure, which showed an addition of 42.6 thousand jobs,
up from the previously reported 47.5 thousand.

As for the unemployment rate, it remained steady at 4.1% in September, better than the expected 4.2%.
The August figure was also revised positively, showing a drop in unemployment from 4.2% to 4.1%.

 

 

 

 

 

Gold

It Nears Record High
Gold prices rose during Thursday’s trading session, nearing their historical highs amid ongoing uncertainty in the markets due to the upcoming U.S. elections and heightened anticipation for U.S. retail sales data.
Spot gold prices increased by 0.29%, or $7.6, reaching $2,680.9 per ounce, approaching the record high of $2,685.42 recorded on September 26.
Gold futures for December delivery also saw a slight increase of 0.16%, or $4.4, reaching $2,695.2 per ounce.

 

 

 

 

Inflation

Eurozone Inflation Rates Continue to Decline
Inflation in the Eurozone slowed in September, reaching 1.7% according to the second reading, lower than the previous estimate of 1.8%.
This deceleration follows a 2.2% rate recorded in August,
marking the lowest inflation level in over three years and below the target set by the European Central Bank,
reinforcing expectations of potential interest rate cuts.

Additionally, core inflation, which excludes energy and food costs, was confirmed to be 2.7%, in line with previous forecasts.

In a separate report, preliminary estimates showed a trade surplus of €4.6 billion in the Eurozone’s external goods trade during August, compared to €4.8 billion in the same month last year.

 

 

Australian Job Market Numbers Exceed Expectations

Weekly Market Updates: Gold, Oil, and Major Stock Indices

Weekly Market Updates: Gold, Oil, and Major Stock Indices: This article covers critical economic events and weekly updates on gold, oil, and global stock indices.
We will highlight the Consumer Price Index in the Eurozone and Canada,
the European Central Bank’s interest rate decision, and its market impact.
Additionally, we’ll provide an analysis of the performance of gold, the Nasdaq,

and the EURUSD pair, as well as the geopolitical tensions affecting oil trading and the performance of the GBPUSD pair.

 

Content

Economic Calendar

Gold
Oil
Nasdaq 

EURUSD

GBPUSD

 

 

 


Economic Calendar

Tuesday  

Core Consumer Price Index (excluding food and energy) (YoY) (September) – 10:00 – Eurozone  

Consumer Price Index (YoY) (September) – 15:30 – Canada  

Wednesday

Consumer Price Index (YoY) (September) – 09:00 – United Kingdom  

Thursday

Consumer Price Index (YoY) (September) – 12:00 – Eurozone  

European Central Bank Interest Rate Decision (October) – 15:15 – Eurozone  

Core Retail Sales (MoM) (September) – 15:30 – USA  

Retail Sales (MoM) (September) – 15:30 – USA  

Friday

Gross Domestic Product (YoY) (Q3) – 05:00 – China  

 

Gold  

Gold rebounded strongly towards the end of the week,
with expectations that the US Federal Reserve would continue its dovish policy after inflation fell to 2.4%.
The Producer Price Index was worse than expected, pushing gold trading back to the 2657 level.
This supported a continued upward movement in the coming period towards 2680, followed by a downward correction.

 

Oil  

Oil trading continues to be dominated by ongoing geopolitical tensions and the potential for significant escalation.
Prices hover around the 75.44 level.
Oil is expected to continue rising, targeting the 77.6 level,
especially after China announced the possibility of a new stimulus package for the markets in the coming period.

 

Nasdaq

The Nasdaq index continues its upward trend, especially after stabilizing above the psychological level of 20,000.
Economic conditions have improved recently following better US labor market data.

Expectations are that the US Federal Reserve will continue systematically lowering interest rates,
supporting the rise in US stock markets.
The Nasdaq is expected to continue its rise toward its historical peak at the 20,686 level.

 

 

 

 

EURUSD

Despite the weakness of the US dollar at the end of last week,
with the EURUSD pair rising to the 1.0935 level,

the pair remains in a negative zone due to ongoing weakness in the euro,
driven by uncertainty from the European Central Bank.
The pair retested the resistance area at the 1.0949 level,
and it is expected to resume its downward movement from that level,

targeting 1.0883 and then 1.0781.
However, if it breaks through the 1.0949 level and closes above it, we may see an increase towards 1.1029.

 

GBPUSD

The GBPUSD pair is trading around the 1.3058 level after retesting the 1.3000 level.
Price action suggests a rebound from this level,
supporting further increases targeting 1.3263.
However, if the 1.3000 level is broken, we could see a strong decline, targeting 1.2804.

 

 

 

Weekly Market Updates: Gold, Oil, and Major Stock Indices

Unlock the Potential of Gold Trading with Evest

Unlock the Potential of Gold Trading with Evest: Gold has been a symbol of wealth and stability for centuries,
offering investors a haven during economic uncertainty.
With Evest, you now have the opportunity to tap into this valuable market quickly and confidently.
This article explores the advantages of trading gold on
Evest platform and how you can benefit from its powerful tools.

 

Content
Gold Through the Ages

Why Trade Gold with Evest

Take Advantage of Gold Trading Today

 

 

 

Gold Through the Ages: A Timeless Asset

For centuries, gold has been one of the most critical assets
investors rely on to preserve wealth and achieve financial stability.
Historically, it has been seen as a store of value and security,
especially during economic fluctuations.
Whether during periods of inflation or political instability,
gold remains a trusted investment that retains its value over time.

 

Why Trade Gold with Evest?

Evest offers you the perfect platform to explore the gold market without the hassle of commissions.
Here’s why you should consider trading gold with Evest:

Easy and Secure Platform: With Evest, accessing the gold market is simple and reliable.
The platform is designed for smooth, secure transactions, making it ideal for beginner and experienced traders.

Flexible Leverage Options: Evest allows you to make the most of your investments with flexible leverage,
meaning you can trade with small amounts while still having the potential to earn significant returns.
This feature makes it easier to enter the gold market and capitalize on opportunities.

Advanced Analysis Tools: Evest provides advanced tools to help you make informed investment decisions.
With in-depth market analysis, you’ll have the insights to trade confidently and ensure well-calculated moves.

 

 

 

 

Take Advantage of Gold Trading Today!

Now is the perfect time to explore the exciting opportunities in the gold market.
With Evest’s user-friendly platform, commission-free trading, and advanced tools,

you can easily take your first step into gold trading. 

Don’t miss this golden opportunity—start trading gold with Evest today
and enjoy the benefits of a secure, reliable platform designed to help you succeed.

 

Unlock the Potential of Gold Trading with Evest

Gold Prices Decline as U.S. Interest Rate Cut Expectations Ease

Gold Prices Decline as U.S. Interest Rate Cut Expectations Ease

Gold prices retreated as traders scaled back their expectations for a U.S. Federal Reserve rate cut, following stronger-than-expected U.S. jobs data. Bullion was trading near $2,643 per ounce, still close to its record high of $2,685.58, which it reached late last month.

 

Content

 

 

 

 

 

Details

U.S. Treasury yields returned to 4% after Friday’s robust jobs report dampened the chances of a significant rate cut by the Federal Reserve in November. Money markets are now pricing in a rate reduction of less than a quarter-point next month.

Lower interest rates are often seen as supportive for non-yielding gold. Upcoming U.S. inflation data, expected later this week, could provide further insight into the trajectory of interest rates.

Additionally, Federal Reserve officials, including Alberto Musalem, are scheduled to speak at various events later on Monday.

 

 

U.S. Treasury Yields

Impact of U.S. Treasury Yields on Gold Prices

Gold prices were directly impacted by the return of U.S. Treasury yields to the 4% level, which led to a decline in gold’s positive momentum. The reduced expectations of a rate cut contributed to the rise in bond yields, negatively affecting gold.

 

 

 

 

 

 

Gold’s Performance

Gold’s Performance This Year and Support from Central Banks

Gold has surged by approximately 28% this year, marking a series of record highs, fueled by optimism surrounding interest rate cuts. The precious metal has also been supported by strong buying from central banks and demand for a safe haven amid ongoing conflicts in Ukraine and the Middle East.

 

 

Market Trends

Fund Managers’ Positions in the Gold Market

At the same time, fund managers reduced their net bullish positions on gold to the lowest level in three weeks as of October 1, according to data from the Commodity Futures Trading Commission (CFTC) released on Friday. This decline reflects investors’ concerns about market volatility.

 

 

Market Analysis

Market Analysis and the Performance of Other Metals

Ole Hansen, head of commodity strategy at Saxo Bank, wrote in a note: “Gold and silver markets have experienced net selling as traders locked in profits amid signs of exhaustion in the rally of both metals.” He added: “In gold, both long and short positions were reduced as short sellers became wary of price increases driven by geopolitical tensions, while long positions continued to take profits.”

Spot gold fell 0.4% to $2,642.88 per ounce as of 4:22 p.m. in New York. The Bloomberg Dollar Spot Index held steady, while the yield on 10-year U.S. Treasuries rose. Palladium prices increased, while platinum and silver prices declined.

 

 

 

Gold Prices Decline as U.S. Interest Rate Cut Expectations Ease

Gold Prices Stabilize as Investors Assess Middle East Tensions

Gold Prices Stabilize as Investors Assess Middle East Tensions and Interest Rates

Gold prices have stabilized as investors closely monitor the escalating tensions in the Middle East, alongside the impact of a stronger-than-expected U.S. jobs report, which has dampened expectations of a significant interest rate cut by the Federal Reserve.

 

Content

 

 

 

 

Price Movements Details

  • Bullion Prices: Gold prices dipped slightly to $2,651.57 per ounce in the morning session in Singapore.
  • Historical Level: Prices remain below the all-time high of $2,685.58 per ounce, recorded in September.

 

Key Influencing Factors

  1. Geopolitical Tensions:
    Tensions in the Middle East have escalated as Israel sent its forces into northern Gaza following an Iranian missile attack, which has increased demand for safe-haven assets like gold.
  2. U.S. Jobs Report:
    The latest jobs report exceeded expectations, reducing the likelihood of an interest rate cut in November, which negatively affects gold as it yields no interest.

 

 

Performance of Other Markets

 

Outlook

Investors expect that gold prices will continue to be influenced by developments in geopolitical tensions and U.S. economic indicators, especially with the potential for future adjustments to interest rates.

 

 

Gold Prices Stabilize as Investors Assess Middle East Tensions and Interest Rates

 

Gold Prices Near Record High as Rate Cut Confirmed for September

Gold Prices Near Record High as Rate Cut Confirmed for September

Gold prices remained close to their record highs after Federal Reserve Chairman Jerome Powell confirmed expectations
that the U.S. central bank will begin cutting interest rates next month.

 

Topic

Gold Prices Stabilize After Powell’s Remarks

Additional Factors Supporting Gold’s Rally

 

 

 

 

 

 

Gold Prices Stabilize After Powell’s Remarks

Gold was traded near $2,510 per ounce after rising 1.1% last Friday.
Speaking at the Jackson Hole conference in Wyoming,
Powell indicated that “the time has come” to shift toward monetary easing while
also emphasizing the need to prevent further slowing in the U.S. labor market.
Typically, lower interest rates increase the appeal of gold as a safe haven,
as it does not yield interest, unlike Treasury bonds.

 

 

 

 

 

 

Additional Factors Supporting Gold’s Rally

Gold prices have surged more than 20% this year, driven by optimism
that the Federal Reserve is nearing a long-anticipated shift towards rate cuts.
Prices have also been bolstered by demand for safe-haven assets due to rising geopolitical risks
and uncertainty ahead of the U.S. elections in November,
as well as purchases by central banks and Asian consumers.

 

 

 

Gold Prices Near Record High as Rate Cut Confirmed for September