Gold is attempting to recover after Tuesday’s selloff, with price trading near 4,136 at the time of this analysis. The key message for gold traders today is that 4,121-4,129 is not a clean bearish breakdown zone. It is a support and decision area. Bulls still need a sustained move above 4,156-4,157 to improve the outlook,…
Key Findings The EU TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Omnibus proposal would create an EU-wide minimum standard for full expensingFull expensing allows businesses to immediately deduct the full cost of…
Occidental Petroleum (OXY -0.50%) and Energy Transfer (ET -0.29%) are both energy companies. Either one would give you exposure to the sector, but their businesses are dramatically different. The geopolitical conflict in the Middle East has once again highlighted the world’s reliance on oil and natural gas. However, it has also highlighted the importance of…
Silver price advanced by some 0.39% on Friday, capped by rising US yields, even though US data was softer than expected. XAG/USD trades at $64.70, after bouncing off daily lows of $63.51. XAG/USD Price Forecast: Technical Outlook The white metal remains downward biased despite signs of bottoming around the $54.70 area, near the yearly low…