Gold, Silver, and Platinum Market Predictions: Gold Drops Below $2500 Level
August 23, 2024Will Silver Prices Reach New Highs in 2024 Due to Federal Reserve’s Dovish Signals?
August 25, 2024LONDON – The upcoming week is expected to be eventful in financial markets with Nvidia reporting its latest earnings, key inflation numbers from the euro area and Australia, gold’s climb to record highs, and U.S. rate cut speculation. Here’s what to watch out for in the financial markets: 1. Nvidia Earnings: Investor enthusiasm for artificial intelligence will be tested as chipmaker Nvidia reveals its earnings on Aug. 28. Nvidia’s chips are highly regarded in the AI-space, with the company’s shares up around 150% this year. However, valuations in the sector are stretched, and any disappointing results could impact market reactions. 2. Euro Zone Inflation: August inflation numbers from the euro area, to be released on Friday, will be crucial for European Central Bank policymakers in their decision on whether to cut rates in September. With traders already pricing in a rate cut, any upside surprises in the data could lead to caution. 3. Reserve Bank of Australia: The RBA will be closely watched as Wednesday’s July inflation numbers could show a dive in headline inflation into the RBA’s target band for the first time in three years. Any signs of easing inflation pressures could increase pressure on the central bank. 4. Euro’s Momentum: The euro has reached its highest point against the dollar this year, driven by differing U.S. and euro area rate expectations. The question remains whether the euro can maintain its momentum, especially with signs of economic slowdown in Germany and the euro zone. 5. Gold’s Rally: Gold has been on a record-breaking rally, driven by global uncertainties and expectations of U.S. interest rate cuts. As the precious metal continues to surge, investors should remain cautious of market fluctuations. Investors are advised to stay abreast of these developments in the financial markets to make informed decisions.