Gold is benefiting from the weakness of the US dollar, despite rising Treasury yields. Gold-focused ETFs are attracting billions of dollars. The US dollar has recouped almost half of the losses incurred due to the Treasury’s plans to intervene in the bond market to control yields. Investors are sceptical about the scale and effectiveness of […]
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Nvidia reported earnings on Aug. 26. Wall Street expected it to beat. Bank of America was not particularly interested in that part of the story. The firm’s note, published ahead of the report, was really Read more…
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Gold’s upward momentum has weakened as investors take profits ahead of Fed Chair Kevin Warsh’s speech at Jackson Hole. Lower Treasury yields and a weaker US dollar have supported gold by reducing the opportunity cost Read more…