MHMarkets ：MHM Today News
On Tuesday, as investors sought a safe-haven amid economic uncertainty and awaited the release of U.S. CPI data. Spot gold stood at the 2030 mark during the U.S. session and rose to an intraday high of $2037.70, eventually closing up 0.67% at $2034.52 per ounce. Spot silver hovered around $25.50 and eventually closed up 0.19% at $25.60 per ounce.
05/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
How to Protect Your Money If Big Bank Collapse? What Alternatives Exist?
The collapse of Silicon Valley Bank and Signature Bank in early 2023 led many people to doubt the safety of their money in big banks. Although measures have been taken to strengthen the banking system since then, the possibility of another financial collapse cannot be ruled out completely. So, how can you protect your money if big banks collapse? Let's dive in and explore some smart money tips and moves that you can make!
GEMFOREX - weekly analysis
Top 5 things to watch in markets in the week ahead
MHMarkets ：MHM European Market
In the Asian session on Tuesday (May 9), spot gold rose slightly. At present, it is trading near 2026.40 dollars/ounce. Worries about the US debt default crisis provide safe haven support for gold prices.
MHMarkets ：MHM Today News
Spot gold oscillated to the upside on Monday, rising to near the $2030 mark during the day, before falling back a bit and standing firmly above $2020, eventually closing up 0.2% at $2020.98 per ounce. Spot silver trend diverged from gold, closing down 0.46% at $25.55 per ounce.
WCG Markets:2023-05-09
WCG Markets:2023-05-09
05/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Best Stocks to Buy in 2023
This year, stocks had been steadily increasing with expectations that the Federal Reserve will soon cease raising interest rates. While this has the potential to combat inflation, it also has negative consequences for both economic activity and investment returns. Investors who are in the market for looking for the best stocks to buy in 2023 can expect some challenges. Unfortunately, until there is a significant policy change to boost the economy, turbulence is likely to continue into 2023.
Gold Reserve: Which Central Bank Holds the Most Gold in 2023?
In the year 2023, central banks have demonstrated an unprecedented level of interest in purchasing this precious metal due to mounting geopolitical instability and surging inflation rates. Specifically, during the first two months of the year, central banks collectively acquired a net total of 125 metric tonnes of gold, marking the highest amount purhased for the year-to-date period since banks began net buying in 2010.
MHMarkets ：MHM European Market
Spot gold rebounded slightly during the Asian session on Monday (May 8) and is currently trading around $2021.92 per ounce. On the one hand, gold prices held the 2000 integer mark on Friday, and the influx of low buying supported gold prices; on the other hand, market concerns about the U.S. debt default crisis also provided safe-haven support to gold prices. However, gold prices last week in the history of the high near the resistance, the short term still need to beware of shock retracement ri
MHMarkets ：MHM Today News
On Friday, as stronger-than-expected U.S. jobs data hit the market expectations of a Fed rate cut. Spot gold took a big dive and fell below the $2,000 mark before recovering and stabilizing above $2,010 to close down 1.63% at $2,016.91 per ounce. Spot silver fell along with gold, eventually closing down 1.43% at $25.67 per ounce.
‘Buy the Dip’: Why this Investing Strategy is trending!
Experiencing a decline in the financial market doesn't necessarily spell disaster for investors with long-term goals. Instead of hastily selling off investments, downturns like the ones witnessed in 2022 and 2023 could present an opportunity for investors to maintain their unwavering commitment to their portfolio. In fact, downturns may even present an opportunity to “buy the dip,” or invest at a discount!
What is a Foreign Currency Reserve and Why Is It Called a lifeline of an economy?
Foreign currency reserves, also referred to as forex reserves or foreign exchange reserves, comprise cash and assets such as gold that are held by central banks. These reserves serve as a safeguard against potential vulnerabilities that may arise due to sudden disruptions in international money flows during a crisis. As economists suggest, having sufficient forex reserves not only enables countries to combat or overcome economic instability but also promotes stability in their domestic currency!
05/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
AUS GLOBAL’s important notice on the launch of US stocks and European stocks!
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Market Closure in May
Please refer to the following table for the changes in the trading hours during the month of May 2023.
Weekly News 2023/05/01-2023/05/05
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EUR/NZD extends drop, critical support lies ahead
EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.