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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

The gold price has just recorded a new record all-time high: $2,483 in the spot market on the night of July 17, 2024. Although this new record is a welcome development for precious metals investors, just within the last week a new signal has developed which may spell trouble for investors. This signal could suggest a significant top to develop soon in the gold price, so investors should monitor this developing situation closely.

Warning Signal for Gold & Silver Prices

Gold steadied on Friday after a sharp upturn in the previous session, as new US economic data assuaged concerns of a recession and made the safe haven metal less attractive to investors. Spot gold was little moved at $2,428.66 per ounce, having posted its biggest one-day surge in three weeks...

Gold price on pace for worst week since early June

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  Gold investors who got started with the metal at the end of 2023 or early 2024 have benefited from significant price growth this year. The precious metal was priced at $2,063.73 on January 1 but has broken numerous price records since that time. The latest record, set July 17, saw the metal surge to a new record of $2,472.46 per ounce. And while it's come down slightly since, it's still high and could soon eclipse a new record.Against this...

The price of gold is down. Here's when it could change again.

Reuters

LAUNCESTON, Australia (Reuters) -Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may become a victim of its own success, with consumer buying at risk from the surge in prices.

Gold's run to record high may crimp demand: Russell

USD dollar index futures are very slightly higher (+0.01%) this morning with 10-yr. (-1.38%) and 30-yr. (-1.38%) bond yields lower. Gold (+0.09%) and oil (+0.60%) and copper (+2.05%) are rallying while silver (-0.11%) is down. Stock futures are mixed (-0.15% - +0.05%), with risk barometer Bitcoin (+5.81%) up sharply. Copper...

Copper Up, Gold Up, Stocks Flat

A market analyst and trader is expressing bearish sentiment on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall by around 10% in a week. The analyst pseudonymously known as DonAlt tells 61,800 subscribers of the TechnicalRoundup YouTube channel that Bitcoin appears bearish after recording a series of lower highs and lower lows on the weekly time frame since reaching its all-time high of around $73,800 in March.

Bitcoin To Remain Bearish Until Major ‘Line in the Sand’ Is Reclaimed, Says Top Analyst – Here Are His Targets

Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said July revenue surged 45% year-over-year. Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%. The buoyant sales at TSMC, which supplies chips to Nvidia and Apple, shows demand for...

TSMC July Sales Jump 45%, Buoyed by Strong AI Chip Demand

Gold prices have been rising over the last couple of weeks and this week posted a new record high of $2,471 an ounce on the futures market. During Tuesday’s trading, spot gold rose 1.8% to nearly $2,466 an ounce. Gold prices have accelerated because traders have become increasingly convinced...

Price of gold hits new record high

Rocket Lab USA shares popped Friday, a day after the company posted record revenue and a narrowing of its second-quarter loss. The aerospace company reported a 71% year-over-year rise in revenue and a net loss of $41.6 million, both better than analysts' estimates, and projected Q3 revenue between $100 million and $105 million.

Rocket Lab Stock Jumps, Propelled by Record Revenue

Following the success of spot bitcoin ETFs at the start of 2024, the U.S. Securities and Exchange Commission (SEC) approved nine spot ether ETFs for trading on July 23, 2024, giving everyday investors another opportunity to diversify into cryptocurrency. With the launch of these spot ETFs, investors can now take advantage of Ethereum’s volatility in a convenient and regulated manner without the hassle of setting up crypto wallets and accounts.

Where to Buy the New Spot Ether ETFs in 2024

Super Micro Computer reported fiscal fourth-quarter earnings that missed analysts' estimates and announced a 10-for-1 stock split. Revenue more than doubled year-over-year and came in slightly ahead of analysts' expectations, but the company's margins fell as costs rose, holding back profits. Super Micro Computer CEO Charles Liang said the company...

Super Micro Computer Misses Earnings Estimates, Announces 10-for-1 Stock Split

The Motley Fool

The stocks have underperformed in 2024, but they all have great long-term growth prospects and investors should look at buying them on a dip.

3 Stocks Down More Than 11% in 2024 That Are Screaming Buys in August

Bitcoin has reclaimed $62,000 just a few days after “Crypto Black Monday,” with traders pointing to a bullish pattern on the seven-day price chart, which signals Bitcoin may have hit its floor. “Bitcoin is seeing a massive green weekly candle with a huge wick,” crypto trader Matthew Hyland...

Bitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chart

Though the Federal Reserve has held interest rates steady for a year, it appears ready to start cutting rates next month. Since CDs offer an extended rate promise, banks and credit unions tend to lower their rates on new CDs as soon as they feel confident the Fed will cut rates—without waiting for an official Fed announcement.

Will a Looming Fed Rate Cut Push Savings and CD Rates Lower in August?

The bond market seems convinced that interest rates are headed lower for now. The chart (source) below shows the price action for TLT (iShares Long-term Treasury Bond ETF) over the past seven days…. Of particular note is the fact that the succession of higher opening prices left a series of...

Bonds, Stocks, Gold, & Silver – Volatility On Display

Sonos lowered its outlook and delayed two product launches as it worked to fix a bug in its new app. The company said it had to put its full attention on repairing the app problem, which has led to problems for some customers of its audio products. The news overshadowed...

Sonos Delays Products, Cuts Guidance as It Scrambles To Fix Buggy App

Shares of Dutch Bros lost more than a fifth of their value in intraday trading Thursday, a day after the coffee chain projected low-single-digit 2024 same-store sales growth. The coffee chain's second-quarter results beat analysts' estimates, but its same-store sales outlook was deemed "underwhelming" by Wedbush analysts. Analysts said Dutch...

Dutch Bros Stock Tumbles on 'Underwhelming' Growth Projection

Bitcoin and crypto prices fell sharply on Monday, as market turmoil triggered by concerns around the U.S. economy spread beyond stocks. Crypto markets may face volatility ahead continued economic uncertainties, though some analysts think that the downside for bitcoin, which gained ground Tuesday, may be limited. Some experts say the...

What's Next For Bitcoin and Ether After The Recent Selloff?

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

NewsBreak

Watch These Gold Price Levels As Metal Steadies After Recent Selling

Gold prices steadied in early trading on Thursday as investors refocused their attention on the possibility for aggressive interest rate cuts in the U.S. and escalating...

Watch These Gold Price Levels As Metal Steadies After Recent Selling

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