DAX outlook hinges on trade risks, German fiscal policy, and ECB rate bets. Will easing tensions or stimulus measures drive a rebound?
China's economic stimulus lifts Hang Seng and ASX 200; Nikkei rises on a weaker yen as US equity markets reel from tariff war concerns.
Gold edged lower in the early Asian session on a likely technical correction after front-month gold futures settled at a record high overnight.
Gold's breakout amid a firming in the U.S. dollar on Thursday adds a curious new angle to the story of the stock selloff, says Oliver Renick -- and it may not be the worst one. ======== Schwab Network ======== Empowering every investor and trader, every market day.
The value of gold has nearly doubled in the past five years, crossing the $3,000-an-ounce threshold for the first time ever late Thursday — and the precious metal's latest move may be signaling a structural shift in the sector that may feed long-term strength.
Gold surged to a record $2,985, signaling strong bullish momentum. A close above $2,982 could drive prices higher, with $3,004 as the next target.
Gold is heading towards the psychologically important $3000 level.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
J.P. Morgan and Goldman Sachs advise continuing to hold the metal. BNP Paribas just raised its forecast for prices.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.