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Gold and silver
Affected by geopolitical tensions and a weaker dollar, spot gold extended its rebound, reaching as high as $2,358.52, up more than 1% on the day. Spot gold rose for a third straight session, recovering from the $2,360 mark. Spot silver also extended its rebound, hovering near the $32 mark in late trading.
Us stock trends
The Nasdaq rose 0.59% to surpass 17,000 and hit another record high. The Dow was down 0.55%. The S&P 500 rose 0.02%.
Us consumer confidence unexpectedly rose in May for the first time in four months on less negative views of business conditions and the Labour market, data showed.
Nvidia: Up nearly 7% for a total market cap of $2.8 trillion, just $100 billion shy of Apple. Media reports have said that Musk's startup xAI plans to use Nvidia's H100 chip to develop a supercomputer.
Federal Reserve and Central Bank dynamics
Fed: Governor Bowman says balance sheet reduction should continue, thinks policy statement needs more details; Minneapolis Fed president says he hasn't completely ruled out a rate hike.
ECB: Governing Council Holtzmann expects two and up to three rate cuts in 2024.
Forex trading strategy signal channel:
JRFX FOREX MARKET SIGNAL
Get free bonuses on the foreign exchange platform:
Unlock the Path to Wealth – JRFX, Your Gateway to Financial Freedom.Free account opening to receive $35 welcome bonus 100% bonus up to $5535
Affected by geopolitical tensions and a weaker dollar, spot gold extended its rebound, reaching as high as $2,358.52, up more than 1% on the day. Spot gold rose for a third straight session, recovering from the $2,360 mark. Spot silver also extended its rebound, hovering near the $32 mark in late trading.
Us stock trends
The Nasdaq rose 0.59% to surpass 17,000 and hit another record high. The Dow was down 0.55%. The S&P 500 rose 0.02%.
Us consumer confidence unexpectedly rose in May for the first time in four months on less negative views of business conditions and the Labour market, data showed.
Nvidia: Up nearly 7% for a total market cap of $2.8 trillion, just $100 billion shy of Apple. Media reports have said that Musk's startup xAI plans to use Nvidia's H100 chip to develop a supercomputer.
Federal Reserve and Central Bank dynamics
Fed: Governor Bowman says balance sheet reduction should continue, thinks policy statement needs more details; Minneapolis Fed president says he hasn't completely ruled out a rate hike.
ECB: Governing Council Holtzmann expects two and up to three rate cuts in 2024.
Forex trading strategy signal channel:
JRFX FOREX MARKET SIGNAL
Get free bonuses on the foreign exchange platform:
Unlock the Path to Wealth – JRFX, Your Gateway to Financial Freedom.Free account opening to receive $35 welcome bonus 100% bonus up to $5535