Gold prices are showing recovery, but they are now facing an important resistance level. A clear break above this level can open more upside targets, while failure to cross may bring selling pressure again.
WTI drifts lower to near $63.50 amid US demand concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.60 during the early Asian trading hours on Thursday. The WTI edges lower as data showing an increase in US diesel stockpiles stoked worries about demand. However, the persistent geopolitical tensions might help limit the black gold’s losses.
Intel Share Price: Nvidia Invests $5 Billion in Intel to Build New Chip Partnership
Intel share price : Nvidia has made a huge move in the tech world. The company has invested $5 billion in Intel. This is more than just an investment. It shows that Nvidia and Intel want to work together closely in the chip industry.
Federal Reserve delivers 25 bps rate cut, first for 2025
Federal Reserve 2025: The United States Federal Reserve (Fed) announced a 25 bps interest rate cut to its benchmark rate, pushing the US Dollar down across the FX board. The Summary of Economic Projections (SEP) still shows two more interest rate cuts for 2025, meeting the market’s expectations.
Gold Slips Ahead of FOMC Decision
FOMC Decision: Gold (XAU/USD) fell to around $3,680 per ounce on Wednesday, likely on profit-taking after the metal notched a fresh record in the previous session and tested the $3,700 milestone.