To The Moon

Gold was squarely aimed at its 17th record high on Friday, with prices surging past the $2,400 level as investors continued to watch geopolitical tensions and prospects for U.S. interest rate cuts.Gold futures for June delivery soared $42, or 1.7%, to $2,414 an ounce, just off intraday highs. Thursday marked the 16th record close of 2024, with the precious metal gaining $24.30, or 1%, to settle at $2,372.70 an ounce on Comex.Based on the June contract, gold is up just over 14% year to date.Silver , which has outpaced the strength of gold's gain so far this year, was up 93 cents, or 3.3% to $29.18 an ounce.The rally for gold and silver that kicked off in early March has been driven by expectations for U.S. interest rate cuts and geopolitical tensions. As of late, investors have been focused reports that Iran is poised to attack Israel imminently. Iran blames Tel Aviv's government for the strike on a diplomatic building in Syria last week that killed an Iranian general.This content wa

Public Holidays This is a short week with Singapore, the USA, and Hong Kong celebrating Good Friday on 29 March 2024. Here is wishing all Christians a blessed Good Friday. The Significance of Good Friday and Easter in Christian Tradition Economic Calendar (25 Mar 2024) Notable Highlights Core PCE would be the most watched macro data for the coming week. This is the main indicator news by the Federal Reserve to understand inflation in the economy. Should the PCE index outcome be unexpected, this should lead to some volatility in the market. New home sales is a good reference pertaining to the real estate industry. CB Consumer Confidence and durable good orders will share insight into the sentiments of consumers in the US economy. Chicago PMI will be a good indicator of the manufacturing