Monthly Archives: August 2023

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Gold Prices Surge On U.S. Credit Downgrading

Written on August 2, 2023 at 6:02 am, by

The announcement of Fitch has downgraded U.S. treasuries immediately affected gold prices. Fitch, the U.S. credit rating agency, has downgraded U.S. treasuries from their pristine AAA rating to AA+. The implications for the dollar remain to be seen, but the announcement immediately affected gold prices, which quickly surged by nearly 0.3%. In Asian markets, theContinue Reading

All Eyes On RBA Interest Rate Decision

Written on August 1, 2023 at 6:20 am, by

Market analysts project a 25 basis point rate hike from the RBA, but positive economic data may lead to a rate hike pause. All eyes are on the Reserve Bank of Australia (RBA) as investors eagerly await the announcement of their interest rate decision, scheduled for later today. Market analysts have projected a 25 basisContinue Reading

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