Gold prices declined in May, as the Iran conflict supported yields and the dollar while reducing expectations for rate cuts, but debt concerns, de-dollarization, sticky inflation and steady central bank demand remain key pillars of support for gold, the latter despite some temporary selling linked to energy-related pressures., according to Ole Hansen, head of commodity strategy at Saxo Bank.
Gold's recent break below $4,500 per ounce has brought fresh downside risk to the yellow metal, and a key cluster of technical levels is now acting as critical support to prevent a further 10% slide, according to commodity analysts at Societe Generale.In a new note, Societe Generale analysts noted that gold has been under significant pressure since prices dropped below their 50‑day moving average (50-DMA) two months ago.
Destra Multi-Alternative Fund (NYSE: DMA - Get Free Report) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 31,673 shares, a growth of 137.7% from the February 12th total of 13,327 shares. Based on an average trading volume of 48,024 shares, the short-interest ratio
Meta is preparing a significant shift in how personalised advertising functions across Facebook and Instagram in the European Union, after months of pressure from the European Commission to comply with the Digital Markets Act.
In trading on Monday, shares of McDonald's crossed below their 200 day moving average of $305.87, changing hands as low as $305.40 per share. McDonald's shares are currently trading down about 1.1% on the day.
U.S. tech giant Apple told the European Commission its core platform services Apple Ads and Apple Maps meet the thresholds set by the Digital Markets Act, the Commission said in a statement on Friday.
In trading on Tuesday, shares of Hartford Insurance Group crossed below their 200 day moving average of $123.45, changing hands as low as $120.33 per share. Hartford Insurance Group shares are currently trading off about 2.1% on the day.
In trading on Tuesday, shares of Home Depot crossed above their 200 day moving average of $383.64, changing hands as high as $384.58 per share. Home Depot shares are currently trading up about 0.4% on the day.
Destra Multi-Alternative Fund has traded at a deep discount but is off some of the widest levels we've seen so far with changes over the years. The fund's strategy focuses on non-correlated alternative investments, but its high expenses and hedging strategy have kept total NAV returns muted. Despite relatively weaker underlying portfolio performance, that isn't necessarily a negative when there is an opportunity to realize the discount.
EU antitrust regulators are set to charge Alphabet unit Google with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address their concerns and those of their rivals, people with direct knowledge of the matter said.
Google has ended a test in which it was returning basic “blue link” search results for hotel-related searches in a handful of markets in the European Union, in response to compliance complaints related to the bloc's Digital Markets Act (DMA). These blue links appeared instead of visually richer results, where its search engine will display thumbnail photos of hotels along with price info and also plotting their location on a map.
Google, the world's leading search engine, has unveiled additional modifications to its search results in Europe as it faces mounting pressure from smaller competitors and EU regulators.