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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Traders are bracing for a significant stock swing in Nvidia Corp. as the company prepares to report earnings, with an options-implied move of about 8% anticipated. This could result in a market value shift of nearly $300 billion, surpassing all but 25 companies in the S&P 500 Index. Bank of America strategists note that the earnings report poses more risk for the market than the upcoming Federal Reserve meeting or inflation data.
Gold prices have surged, reaching a six-day high of $2,640 an ounce, driven by forecasts from UBS and Goldman Sachs predicting potential peaks of $2,900 and $3,000 by the end of 2024, respectively. This rise is supported by increased central bank demand and ongoing geopolitical risks, despite a recent connection to the strengthening dollar and rising real interest rates. The outlook for gold remains positive as it continues to serve as a hedge amid macroeconomic uncertainty.
Susanne Mühlemann, former head of communications at the Swiss National Bank (SNB), has been appointed as a partner at PR agency Lemongrass, effective January 1. With extensive experience in crisis communications and corporate positioning, she previously managed strategic communication at UBS Switzerland and Swiss International Airlines. Mühlemann"s leadership at the SNB spanned seven years, navigating significant monetary policy challenges.
Rising trade tensions are increasing risks to the euro-area economy, according to the European Central Bank. The latest Financial Stability Review highlights a shift in macroeconomic concerns from high inflation to fears of weaker growth, compounded by geopolitical uncertainty affecting the 20-nation bloc.
UBS Group forecasts gold prices could reach $2,900 an ounce by the end of 2025, driven by central bank reserve increases and strategic investments amid macroeconomic volatility and geopolitical risks. Despite potential consolidation due to a stronger dollar and interest rate concerns, gold is expected to recover, with a further rise to $2,950 by the end of 2026. Currently trading at around $2,630 an ounce, gold has seen a 28% increase this year, supported by central bank accumulation and geopolitical tensions.
UBS Group AG predicts that gold will reach $2,900 an ounce by the end of next year, following a similar forecast from Goldman Sachs. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts, before gold climbs further to $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS forecasts gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" prediction of $3,000, driven by central bank purchases and geopolitical tensions. Despite a potential consolidation phase due to a stronger dollar, ongoing strategic allocations and high macro volatility are expected to support prices. Currently, spot gold is trading near $2,630 an ounce, having risen 28% this year.
Gold has surged 28% in 2024, trading near $2,630 an ounce, driven by central bank purchases, a shift to monetary easing by the Federal Reserve, and geopolitical tensions. Goldman Sachs predicts gold will reach $3,000 an ounce by the end of next year, supported by ongoing demand from monetary authorities. UBS also notes that central banks are likely to continue increasing their gold reserves for diversification amid rising geopolitical risks.
The cryptocurrency market has recently surged, with a global market cap exceeding $3.1 trillion, marking a 2.8% increase in just one day. Amid ongoing conflict, Ukraine is intensifying efforts to combat financial crimes related to cryptocurrencies, training officials in Vienna. Meanwhile, the Russian Ruble has plummeted to a 17-month low against the dollar due to economic pressures from the war.
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