Tag: Gold
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China Scraps Gold Tax Break, Sending Shockwaves Through Global Bullion Market
China Abolishes Gold Tax Break, Reshaping Global Bullion Markets In a move that jolts one of the world’s largest gold markets, China has scrapped a long-standing tax incentive on gold sales. Effective immediately, retailers will no longer benefit from the tax relief that helped keep gold pricing more predictable for consumers and traders alike. The…
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Wall Street Extends Rally as Markets Brace for Key Data and AI Sector Bets
Wall Street Builds on Record Lifts Ahead of a Packed Market Week Stocks are marching toward fresh records as investors brace for a week packed with potentially market-moving events. The S&P 500 is up around 1% in midday trading, the Dow Jones Industrial Average has gained about 0.5%, and the Nasdaq Composite has risen more…
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Wall Street Rallies Toward New Records as Gold Slumps Again
Wall Street Advances Toward Fresh Records Amid Broad Rally U.S. stock markets extended their ascent on Monday, pushing major indices toward new record highs as investors weighed a slate of potential market-moving events. The S&P 500 rose about 1%, the Dow Jones Industrial Average gained roughly 0.5%, and the Nasdaq climbed around 1.7% as trading…
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Wall Street Rally Pushes Toward Records as Gold Slumps Again
Wall Street Extends Record-Breaking Momentum U.S. equities climbed toward more all-time highs on Monday as investors prepared for a week packed with potentially market-moving events. The S&P 500 rose about 1%, the Dow Jones Industrial Average gained roughly 0.5% to around 1,550 points, and the Nasdaq composite climbed 1.7% as major benchmarks push further into…
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Global Markets Slump as US Regional Banks Spark Gold Record
Global markets fall as credit stress rattles investors Global stock markets slipped sharply after two US regional lenders disclosed exposure to millions of dollars in bad loans and alleged fraud. The developments sent shockwaves through Europe and Asia, fueling a rapid shift toward safer assets and a flight to gold, which reached a new high…
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ASX Reaches Record High as Unemployment Jump Fuels Bets on Rate Cuts
ASX closes at a fresh record as unemployment rises The Australian share market closed at a new record high as the September jobs data sparked renewed bets on further interest rate cuts from the Reserve Bank of Australia (RBA). The S&P/ASX 200 finished up 77 points, or 0.86%, at 9,068.40, topping the previous record high…
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Dow Jones Slide Amid Banking jitters as AI hardware stocks rally
Market Overview: Banks Weigh on The Dow, Yet AI Hardware Stocks Shine The stock market faced a cautious session as concerns over regional banks and a lingering federal funding stalemate overshadowed gains in technology shares. The Dow Jones Industrial Average traded lower, with financial shares among the hardest hit, while the broader market saw pockets…
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ASX Surges to New High as Unemployment Jump Revives Bet on Rate Cuts
ASX Reaches a Leap Forward on Jobs Data The Australian share market jumped to a fresh record, supported by a surprising twist in the jobs data that revived expectations for further Reserve Bank of Australia (RBA) rate cuts. The S&P/ASX 200 surged through intraday trading and closed at a new peak, underscoring how a weaker…
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Markets Live: ASX Set to Rise Amid Trump-China Tensions
Markets Live: ASX Set to Rise Amid Global Tensions The Australian share market is poised to open higher, with ASX futures suggesting a 0.8% gain in early trade, even as global markets wrestle with fresh tensions between the United States and China. Traders are weighing the latest moves from Washington and Beijing against a mixed…
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Stock Market Today: Dow Futures Jump as Trump Signals Easing Tone on China Amid Tariff Debate
Market Snapshot: Dow Futures Rally on Hopes for a Negotiated China Deal U.S. stock futures pointed to a positive open as investors parsed signals from Washington and Beijing about the ongoing tariff saga with China. Dow Jones futures surged, while S&P 500 and Nasdaq contracts showed meaningful gains, underscoring a cautious optimism that a negotiated…