FMP
Jul 29, 2024 7:45 AM - Parth Sanghvi
Image credit: Tevei Renvoyé
Gold prices are on the rise, surging near $2,400 per ounce. This upward trend is largely driven by investor anticipation of potential interest rate cuts by the Federal Reserve later this week.
When the Fed lowers interest rates, it generally weakens the US dollar. Since gold is often viewed as a safe-haven asset, its price tends to rise when the dollar weakens. This is because investors seek alternative stores of value during times of economic uncertainty, and gold historically fills that role.
Fed Meeting in Focus
The upcoming Fed meeting is a critical event for gold investors. Any indication from the Fed that suggests a future rate cut could further boost gold prices. Conversely, a hawkish Fed stance could lead to a decline in gold prices.
While the Fed is a major influence, other factors can also impact gold prices, such as:
Before making any investment decisions based on gold price movements, it's crucial to conduct your own research. Utilize Financial Modeling Prep (FMP) to:
FMP empowers you to access and analyze a wealth of financial data, including:
Sign up for your free trial today and unlock the power of FMP for informed investment decisions! [[https://site.financialmodelingprep.com/developer/docs]]
By staying informed about the Fed meeting, conducting your own research using FMP, and considering other global factors, you can make well-rounded investment decisions concerning gold and navigate potential market fluctuations strategically. Remember, a combination of fundamental and technical analysis is key to successful investing.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...