- A + A BENGALURU (Aug 11): Gold prices retreated on Thursday from their highest levels in more than one month, as comments by US Federal Reserve officials pointed towards further interest rate hikes, despite signs of easing inflation in the world's largest economy. Gold is highly sensitive to rising US interest rates, as they increase the opportunity cost of holding non-yielding bullion. Spot gold was down 0.3% at US$1,786.79 per ounce, as of 0712 GMT, after hitting its highest since July 5 at US$1,807.79 on Wednesday. US gold futures dipped 0.6% to US$1,802.10. "Following US inflation numbers, the dollar sold off very sharply and yields also dropped, but by the end of the day, the bond yields came back up..., which is hurting gold," said Edward Meir, an analyst with ED&F Man Capital Markets. "Also, Fed officials said they still need to raise rates, which are bearish for gold. We could see a pullback in gold prices in the short-term towards US$1,780." … [Read more...] about Gold on backfoot as Fed officials signal more rate hikes
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Share to Twitter Share to Linkedin After months of worrying inflation data, today’s CPI report offered some good news. Inflation was flat for July, meaning prices did not move up compared to June. That’s in stark contrast to some months of 2022, when prices rose 1% or more compared to the prior month. Of course, year-on-year inflation is still very high at over 8% because of the run-up in prices over the prior 11 months included in the headline inflation number, but will this be enough for the Fed to ease off on planned rate hikes? The CPI Report Though the report was good news, the reduction in inflation came primarily from falling energy prices, though other items such as clothing, some transportation costs and used cars did also fall in price. The reduction in energy prices is a clear a positive, but the Fed knows that energy prices are volatile and often strips them out to look at inflation without energy costs included. Stripping Out Energy … [Read more...] about What Does Today’s CPI Inflation Data Mean For The Next Fed Meeting?
Amnesty International is urging Thailand to free all political prisoners, drop all current allegations made against activists, and return bail rights to activists who get arrested. The requests are detailed in a letter signed by 4,700 people addressed to Justice Minister Somsak Thepsuthin. Amnesty International UK ran a campaign to gain support for the letter. The letter was presented at the Justice Ministry and received by the Deputy Permanent Secretary of the Ministry of Justice Wanlop Nakbua. Amnesty asks the Thai government to take urgent action on three requests… Release activists, drop all allegations made against activists, and grant bail to activists who get arrested. Ensure that activists who are detained have access to appropriate medical care. And inform officials to comply with Thailand’s international human rights obligations which include the rights to freedom of expression, association, and peaceful assembly. Here’s a summary of what the … [Read more...] about Thailand News Today | Opposition to Thailand govt hosting former Sri Lanka president
Ethereum: Even if many investors seek to trade digital assets via a short-term strategy to take advantage of the price movements, the best way to approach the cryptocurrency market is on a long-term basis. Right now, there are more than 18,000 cryptocurrencies in existence, which is truly astonishing. If you look to maximize your investment for long-term results, pick Ethereum. It’s a smart financial decision. In a world where the overall cost of living is rising faster than expected, holding onto ETH actually helps create wealth rather than maintain it. Ethereum’s digital currency, Ether, is deflationary. The selling point of Ethereum as a value asset boils down to its monetary policy, which is very predictable, and the blockchain, which is very secure. Seasoned investors know that making a profit doesn’t happen overnight. It requires long-term planning, not to mention a disciplined approach. What Are Some Strategies for Long-Term Investing? If you want to invest for … [Read more...] about Ethereum Is One of The Best Cryptocurrencies to Buy for the Long-Term
A Forex CRM system is essential for any business looking to manage their client relationships effectively. Initially designed for companies engaged in international trade, Forex CRMs are now used by businesses all over the world. Having a high-quality Forex CRM system in place is essential for any broker looking to build strong relationships with their clients. This type of system can help brokers provide the best possible service to traders by collecting data that can be used to improve the trading experience. In addition, the information collected by Forex CRM systems can be used to promote other products and services that may be of benefit to clients. As a result, the organization has the potential to increase income. Forbes reports that businesses that use CRM systems see a boost in customer satisfaction, leading to business growth as happy customers tell others. Customer experience is key for a business to succeed in today’s market. When searching for a Forex CRM … [Read more...] about What is a Forex CRM system?
Press Release ICS Creates a Significant Phenomenon on the Thon Buri Area, Collaborating with Famous Brand Partners – Lotus, Hilton Garden Inn and Innovative Health and Lifestyle Center – to Empower the Potential of Prime Location Connecting ICONSIAM to be an Impeccable City. New mixed-use lifestyle town, inclusive of retail, office tower and hotel Reinforcing the No. 1 prime location of the Thon Buri side with transportation networks of roads, rails, and boats Introducing more than 200 famous brands, ready to expand the customer base to cover all target groups Set to open by the end of 2022 Bangkok (10 August 2022) – ICS, a new mixed-use lifestyle town of the Thon Buri area under a joint venture between a retail operator and a property developer “Siam Piwat, Magnolia and CP,” creates a significant phenomenon in the Thon Buri area with a concept of “Always A Good Day”. It collaborates with famous brand partners: Lotus’s with a new concept of … [Read more...] about ICS creates a significant phenomenon on the Thon Buri area, collaborating with famous brand partners
Share to Twitter Share to Linkedin You will no doubt recognize the names of the artists but the medium they used to make these creations will be unfamiliar to most in this special online auction and public exhibition by Sotheby’s. Titled “Art as Jewelry as Art,” this sale will feature jewelry and accessories by some of the most innovative artists of the 20th and 21st centuries, including Louise Nevelson, Alexander Calder, Claude Lalanne, George Braque, Lucio Fontana, Pol Bury, Kiki Smith, Salvador Dalí, Harry Bertoia, Pablo Picasso, Max Ernst and Jesús Rafael Soto. The online auction will run from September 24 through October 4. The pieces in the sale will be on view during the same 11-day period at Sotheby’s New York headquarters. This is the auction house’s first dedicated sale of jewelry by modern contemporary artists. “This selection of artists’ jewelry aims to reintroduce these works to the discerning collector in a new context, and as a defined … [Read more...] about Jewelry Created By Renowned 20th And 21st Century Artists Will Be Auctioned By Sotheby’s
The Philippines wants to import its first shipment of liquefied natural gas (LNG) this year, as LNG infrastructure proposals surge. However, the country is entering the global LNG market at a time of extreme uncertainty. Supply is constrained due partly to the Russian invasion of Ukraine, and prices continue to hit record highs. Inability to buy LNG at competitive rates could leave new terminals and LNG-fired power plants unused and stranded. A history of setbacks. According to the Center for Energy, Ecology, and Development, the Philippines has 36.5 million tons per annum of LNG import terminal capacity under development, along with 29.9 gigawatts (GW) of gas-fired power projects. San Miguel Corp. alone accounts for 14.1 GW of that proposed capacity. Although projects on the pipeline have grown dramatically since 2016, LNG projects have been repeatedly canceled since 2003. More recently, LNG companies have been very active due to the depletion of the Malampaya gas field, the … [Read more...] about Global energy crisis may hit PH LNG plans
- A + A LONDON (Aug 11): Global shares edged higher on Thursday as investors bet on the pace of interest rate hikes slowing after data pointed to inflation peaking, leaving the US dollar struggling after its biggest fall in five months. Oil prices languished below US$100 a barrel in search of direction, while better-than-expected earnings from Zurich lifted the insurer's shares. Figures on Wednesday showed that US consumer prices were unchanged in July compared with June, a two-year rise in inflation stopped in its tracks by a drop in gasoline prices. Investors now turn to US producer prices data, along with the latest jobless claims numbers, ahead of Wall Street's open. Michael Hewson, chief markets analyst at CMC Markets, said peaking inflation could mean less aggressive interest rate hikes from the US Federal Reserve when it meets in September. The Bank of England and European Central Bank also meet next month. "Markets are getting ahead of themselves, and … [Read more...] about Peak inflation bet lifts stocks, US dollar in doldrums
Crypto Exchange and a Cryptocurrency: A type of digital currency known as “cryptocurrency” is a type of virtual currency that is used for safe online transactions, such as payments. Cryptocurrency exchanges are online marketplaces where you may buy and sell digital currencies. There are entire industries devoted to making it easier for people to use and exchange cryptocurrencies, with Bitcoin being the most well-known. Bitcoin is presently valued at $29K as of May 2022. A buyer and a seller of cryptocurrency exchanges are involved in a crypto exchange in the same way they would in any other financial transaction. All transactions take into account current market rates for the currencies involved. You can swap similar or varied currencies depending on your preferences. Coins and tokens can be stored in crypto wallets, which offer security and convenience of usage. Bitcoin exchanges that are the best “Finest” can be interpreted in many ways, but for this article, I’ll … [Read more...] about What is Crypto Exchange and a Cryptocurrency?