What is an ETF? Exchange-traded funds, commonly known as ETFs, is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can. Simply put, ETFs are a mashup of different investment avenues. They offer the best [...]
The yellow metal which has negative correlation (move in opposite directions) to the US Dollar was edging higher due to slightly less hawkish commentary from Fed Chair Jerome Powell. Gold price rallied hard, even though the resurgent US dollar demand on Thursday, as the dovish BOE rate decision added to the Fed’s push back of [...]
GBP/USD trades low on Thursday ahead of the BoE rate decision. Speculations surrounding an imminent rate hike by the Bank of England (BOE) have became doubtful after the Fed disappointment on Wednesday But According to the economists at Bank of America (BofA), the Bank of England (BOE) is seen hiking the benchmark interest rate by [...]
One of the most widely discussed metals is Gold and many people look at the news due to its outstanding role in both the investment and consumer world. Its value as a commodity has been increasing since the past decade. Even during the times of kings and kingdoms, the prosperity of that kingdom was directly [...]
