Market News

Gold Breaks to Major New High Above $3,500; Silver Makes Unusually Strong Gains, Reaches All-Time High Price Above $40.70; Platinum Nears Breakout to 1-Year High; Stock Markets Mostly Lower

Ethereum (ETH) surged to an all-time high above $4,950 on August 24th, igniting excitement across the crypto market. However, a subsequent 12% retracement to $4,300 has sparked debate: has ETH reached its peak, or is this a healthy correction before further gains?

Silver Makes Unusually Strong Gains, Reaches All-Time High Price Above $40; Gold Close to $3,500 and Rising, Platinum and Palladium Trading Higher; Tariff Legal Controversy Stirs in USA Following Court Ruling, Stock Markets Mostly Lower

US advance GDP data released Thursday was unexpectedly strong, possible due to recent new tariffs boosting demand for domestic goods.

S&P 500 Index Makes New Record, But 6,500 Unbroken; NVIDIA Falls 4% on Poor Growth Forecast; US Preliminary GDP of 3.1% Expected; Gold Looks Poised for Bullish Breakout Soon

Australian CPI Jumps to 2.8%; Trump Fires Fed Board Member for Cause, Court Case Ahead; Crude Oil Falling; S&P 500 Index Close to All-Time High

CME FedWatch Shows 87% Chance of September Rate Cut of 0.25%, 43% Chance of Additional Cut Next Meeting; Stocks Rising in Asia; Ethereum Hits Record High Sunday but Retreats

US CPI stays at 2.7% in July, core CPI rises to 3.1%, boosting market odds of a September Fed rate cut to 94%.

The Bank of England (BOE) lowered the cash rate at today’s meeting by a quarter-point. This marks the second rate cut this year and brings the cash rate to 4.0%, its lowest level since March 2023. The British pound rose 0.50% after the rate decision.

The US Federal Reserve maintained the funds rate at 4.25%-4.50% at Wednesday’s meeting.

President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected

President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected

The European Central Bank (ECB) maintained interest rates at 2.15% today’s policy meeting, a move that was widely expected. The Euro has posted minor gains following the decision.

Global Stocks Rise Higher on Trade Optimism, Led by the S&P 500 Index Closing Much Higher at Record High for Fourth Day; Silver Reaches 13-Year High, Some Other Metals Also Bullish; ECB Policy Meeting Awaited; Tesla Announces Poor Earnings Data

Nikkei 225 Index Powers to 1-Year High on News of US Trade Deal; S&P 500 Index Closes at Record High for Third Day; Silver Reaches 13-Year High, Gold Near Record High, Other Metals Also Bullish