Precious Metals "Red Hot" Rally Set to Continue, Say Strategists
Gold, silver, and platinum prices have surged following softer-than-expected U.S. inflation data, which raises the prospect of Federal Reserve rate cuts. Gold reached a three-week high, silver hit its highest level in over three years, and platinum climbed to a near one-year peak. Saxo Bank strategists predict gold could soon test $2,400, silver may reach […]
US Dollar Dominates Amid Global Economic Shifts
The US dollar continues to flex its muscles in 2024, driven by strong economic data and fewer expected Fed rate cuts. Despite global growth improvements and rising oil prices, the dollar remains resilient, while the euro, pound, and yen face mixed prospects. Key factors include potential ECB rate cuts, BoE policy shifts, and the Fed’s […]
Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge
Renaissance Technologies, an elite hedge fund, strategically acquired 1 million GameStop shares last quarter, reaping significant gains as the stock surged over 400% this week. Initially worth $13 million, the stake briefly soared to $65 million at Tuesday’s high, driven by renewed interest from retail investors like Keith “Roaring Kitty” Gill. RenTech, known for its […]