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Stocks Sink Lower, Gold Surges Amid China Industrial Downturn

Global stocks edged lower on Monday and gold surged to a six-month high as data showed a sharp decline in China's industrial profits. With China's PMI numbers expected on Thursday, markets are anxiously waiting to see if the world's second-largest economy is on course...

Price of Gold Rises to Four-Week High

The price of gold hit its highest level in four weeks as the ongoing Middle East conflict continues to intensify. Spot gold rose by 1.1% to $1,943.57 an ounce on Wednesday morning while the Bloomberg Dollar Spot Index remained relatively unchanged. Silver, platinum, and...

Gold Falls to Two-Month Low as Debt Ceiling Talks Progress

Progress in the U.S. debt ceiling talks saw stock equities rise while gold fell to a two-month low. Renewed optimism surrounding the debt talks saw a reduced number of investors turn to safe havens such as gold in an effort to protect themselves against...

Cut Stocks, Hold Onto Cash, JPMorgan Strategist Advises

JPMorgan Chase & Co.’s Marko Kolanovic advised clients to consider selling off some shares while retaining their cash. This comes as the team of JPMorgan strategists led by Kolanovic reduced their stocks and corporate bonds allocations while boosting their cash holdings by 2%. Kolanovic's reasons...

Gold Approaches All-Time High as Stocks Fade

Gold approached historically high levels on Wednesday as stocks and bonds both tumbled following news that U.S. job vacancies in February hit their lowest levels since May 2001. Gold was up $2.90 per ounce, or 0.14%, at $2,041.10 per ounce. While gold raced towards historic...

U.S. Stocks, Bonds, Gold Rise In Q1 Despite Volatility

Stocks, bonds, and U.S. commodities experienced significant gains in the first quarter of 2023 despite market volatility. Investor sentiment was rocked numerous times amid the Federal Reserve's continued interest rate hikes in the face of persistent inflation and the ongoing banking sector crisis. The S&P...