Brazilian inflation is expected to have declined in November to its lowest in over a year, according to a Reuters poll, though the underlying pressures remain high. This slowdown is a reversal from the earlier months of 2024, when easing was feeble, and headline inflation had reached its highest level since February 2023. Analysts expect the 12-month
Nvidia stock (NASDAQ: NVDA) slipped into the red on Tuesday as Wall Street wrestles with competing views on what will move the company next. While US President Trump greenlighted H200 chip sales to China, the Justice Department simultaneously announced charges against smugglers moving $160 million worth of Nvidia GPUs. This collision of policy openings and
Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets that the US Federal Reserve will cut interest rates next month. Meanwhile, silver prices have outperformed gold this week, with the metal on COMEX hitting a new record high on Friday. The metal has spiked
Gold is beating Bitcoin by a wide margin, and the explanation lies not just in price charts but in who’s doing the buying. Since January 2024, gold has surged 58% while Bitcoin has fallen roughly 12%. Gold hit a record $4,381 per ounce in October and now trades near $4,216, up nearly 59% year-to-date. Bitcoin,
Gold prices hit their highest level in six weeks as hopes for a US Federal Reserve interest rate cut this month fuelled demand. Meanwhile, silver prices on COMEX hit another record high, surpassing $58 per ounce for the first time ever. Oil prices climbed, fueled by supply worries stemming from various factors. These include the
Gold and silver prices fell on Tuesday as investors booked profits after a surge in the precious metals in the previous sessions. Oil prices eased slightly as concerns over oversupply intensified. Investors also booked profits after prices had hit a near two-week high on Monday. Base metals were largely flat from their previous close, with
Tight supplies have been fuelling the massive surge in silver prices, which has seen the metal rise more than 10% since last Friday. On Wednesday, silver prices on COMEX hit a fresh record high of $59.645 per ounce, as the metal has climbed 100% since the beginning of this year. A silver squeeze in October
Gold prices rose on Wednesday as traders anticipated another interest rate cut by the US Federal Reserve later this month. Silver eased from its record highs of more than $59 per ounce earlier in the day. But prices were still slightly higher than the previous close. Oil prices climbed as Russia said talks with the
Oil prices were steady on Thursday as Ukrainian attacks on Russian oil assets raised concerns over lower supply among investors. Meanwhile, gold prices edged lower with stronger equities limiting safe-haven appeal for the yellow metal. However, prices rebounded and were slightly higher at the time of writing. On the other hand, silver prices fell sharply
