As expected, the Reserve Bank of Australia (RBA) kept its official cash rates at a 12-year high of 4.35% for a sixth meeting in a row in August. The central bank emphasized that high inflation remains a concern, saying that it has “fallen substantially” but is “proving persistent” above the 2% – 3% target range. The closely watched quarterly…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Gold price hovers below $2,400 but the near-term bias remains bullish on multiple tailwinds. The Fed is expected to cut interest rates by more than 100 bps this year. Investors worry that the US could face a recession. Gold price (XAU/USD) struggles to hold key ground at $2,400 as the US Dollar (USD) and bond yields rise in Tuesday’s North American session. The precious metal…