Gold steadies as traders look for direction on Trump tariffs
- Gold steadies and trades within a very tight range on Monday.
- US yields are off their year-to-date low after President Trump addressed the US economy.
- Traders are gearing up for the upcoming Fed meeting on March 19.
Gold’s price (XAU/USD) stabilizes and consolidates within a tight range near the $2,900 level at the start of the week.
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Read MoreBank of New York Mellon Corp Sells 4,962 Shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)
Bank of New York Mellon Corp trimmed its position in shares of SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA – Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,024 shares of the exchange traded fund’s stock after selling 4,962 shares during the quarter.
Read MoreUS Market Sell-Off: Dow futures fall 450 points as Wall Street braces for a volatile start
US stock futures are trading with steep cuts on Monday morning as Wall Street braces for a volatile start to the new trading week.
Futures tied to the Dow Jones are down over 400 points, while those on the S&P 500 are down over 60 points or 15. Nasdaq futures too are trading with losses of over 250 points.
Read MoreCanada's next PM Mark Carney vows to win trade war with Trump
Trump has united Canadians as never before – Chrétienpublished at 22:30 Greenwich Mean Time 9 March
Chrétien says Canada is a “very proud country”.
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Read MoreStock market today: Tech rally leads Nasdaq, S&P 500 higher as Tesla, Nvidia surge after cool CPI print
The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years.
Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021.
Read MoreThe Burst
Market Commentary: 3 Stocks Flashing RED Alert
It all seemed so rosy during the summer of 2023. Markets were booming, bad news was tossed to the curb. Stocks were flying high. And then in early August, the trend changed.
In a matter of days, a tectonic shift took place in three stocks that warned danger lies ahead for the market as a whole.
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Read MoreThe Ivy
24 Million Reasons To Buy This Time-Tested Stock
Warren Buffett’s transformation of Berkshire Hathaway from a struggling textile firm into a powerhouse conglomerate is legendary, illustrating the quintessential investor’s dream. Last year, Berkshire Hathaway celebrated a record-breaking profit just shy of $100 billion.
Now a nonagenarian, Buffett remains at the helm and his investment moves always draw significant attention. But Berkshire’s vast cash reserves are also a prime money-maker these days.
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Read MoreThe Spotlight
Is Sea Limited The Next Amazon?
As one of the few trillion-dollar companies in history, many investors and traders wish nothing more than to be able to go back in time a decade to when Amazon stock sold for under $200 a share. As a matter of fact, it would be even better to go back two decades to when the company’s stock was barely over $10 a share.