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ECB's policy effectiveness and challenges with Euro Zone core inflation discussed by Dutch central bank chief Knot represented in a picture.

Euro Zone Core Inflation Endures as ECB Policy Demonstrates Effectiveness: Knot

Dutch central bank chief Klaas Knot remarked on Tuesday that underlying price pressures in the euro zone might prove challenging to control, but the effectiveness of monetary policy is becoming evident, emphasizing the need for gradual rate hikes. Over the past year, the European Central Bank (ECB) has raised rates by a significant 375 basis …

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Gold Price oscillates amidst divided responses to Fed's June policy, reflected in a picture.

Gold Price Oscillates Around $1,960 Amid Divided Response to Fed’s June Policy

Gold price (XAU/USD) is experiencing a period of consolidation, hovering around the $1,960 mark in the early London session. The precious metal’s movement has been characterized by back-and-forth action as the investment community remains divided on the Federal Reserve’s (Fed) interest rate decision scheduled for June’s monetary policy meeting. Investors are closely watching the developments …

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Bearish gold price outlook due to bond yields and Fed's rate hike prospects impact recovery hopes represented in a picture.

Gold Price Forecast: Bears Pounce, Shattering Dreams of Fresh Record

Gold prices (XAU/USD) have experienced a significant downward correction, dashing hopes of reaching fresh record highs. The precious metal attempted to recover but failed, as bond yields resumed their rebound, impacting its bullish momentum. The recent surge in U.S. economic data has raised expectations of the Federal Reserve continuing to hike rates during the second …

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Tech stocks lead as AI demand skyrockets, Nasdaq outperforms, while debt ceiling talks and economic data pose risks represented in a picture.

Tech Stocks Lead Market Surge as AI Demand Skyrockets

Global stock market sentiment experienced a notable shift in the past week, with tech stocks leading and fueling a surge in market performance. The tech-heavy Nasdaq 100 index emerged as the clear winner, soaring by an impressive 2.51%, while its counterpart, the blue-chip-oriented Dow Jones, struggled, recording a decline of -1%. Meanwhile, across the Atlantic, …

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Gold price battles resistance represented in an image.

Gold Price Holds Above $1,940, Faces Resistance and Potential Rally

Gold, the precious metal that has captured the attention of investors, experienced a day of fluctuating fortunes as it held above the important level of $1,940. Despite erasing its earlier daily gains, gold managed to maintain its position above this key support level. From a technical perspective, analysts are closely observing the resistance that lies …

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Federal Reserve Leans Towards a More Cautious Approach as Policy Debates Continue, While the US Dollar Remains Strong represented in a picture.

Federal Reserve Leans Towards a More Cautious Approach as Policy Debates Continue, While the US Dollar Remains Strong

The Federal Reserve’s recently released minutes from its May 2-3 meeting have revealed a shift in the central bank’s stance, indicating a preference for a more cautious approach amidst ongoing policy debates. At the meeting, the Federal Reserve voted to raise borrowing costs by 25 basis points, bringing them to a range of 5.00%-5.25%. However, …

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Tough path ahead for oil prices represented in an image.

Tough Path Ahead: WTI and Brent Oil Prices Near Confluence Zone

Crude oil prices have witnessed a robust bounce, with WTI and Brent experiencing back-to-back days of gains, despite the prevailing strength of the US dollar. Various factors have contributed to this recent upswing in oil prices, including comments from the International Energy Administration (IEA) and concerns surrounding potential oil shortages in the second half of …

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Reserve Bank of India Clarifies Withdrawal of Rs 2000 represented in a picture.

Reserve Bank of India Clarifies Withdrawal of Rs 2000 Notes as a Statutory Exercise, Not Demonetization

Reserve Bank of India (RBI) officials appeared before the Delhi High Court to address concerns regarding the withdrawal of Rs 2000 notes, clarifying that it was a statutory exercise rather than a demonetisation move. The court session revolved around a plea filed by lawyer Ashwini Kumar Upadhyay, who argued that the notifications enabling the exchange …

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