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Investing.com — HSBC on Tuesday lifted its average gold price forecasts, a move driven by a combination of geopolitical risks, expectations of continued monetary easing, and fiscal imbalances. The bank points out that gold prices surged to a record high of $2,865 per ounce in late September, fueled by increased…
Investing.com — Goldman Sachs in a note dated Monday has revised its price forecast for the fourth quarter of 2024, lowering the expected price to $85 per ton from $100 per ton. This adjustment reflects growing concerns over an oversupply in the global iron ore market, exacerbated by persistently strong…
Investing.com. — UBS has raised its European price forecasts for the fourth quarter of 2024 and 2025, citing heightened geopolitical risks and supply constraints, despite weak market fundamentals. The new projections reflect an upward adjustment in both dollar and euro terms, driven by concerns over the uncertainty surrounding Ukraine’s gas…
Investing.com — Analysts at UBS in a note dated Monday have revised down its oil price forecasts for the period 2024-2026, citing weaker global demand and a more stable supply outlook. The new forecast for oil in the fourth quarter of 2024 has been reduced to $75 per barrel from…
(Reuters) – Morgan Stanley on Monday cut its forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions. Brent crude futures settled at their lowest levels since December 2021 on Friday at $71.06. Brent was trading around…
The average cost of throwing a wedding increased by about 13% in 2024, hitting $33,000, according to wedding planning platform Zola.Allison Cullman, VP of brand marketing and strategy at Zola, told Business Insider that the number of couples planning welcome parties in 2024 has increased 23% in the last year,…
Investing.com — Goldman Sachs in a note dated Monday adjusted its forecast for prices, lowering the expected trading range to $70-$85 per barrel. This revision marks a $5 per barrel reduction from previous estimates and is driven by several key factors, including unexpectedly high OECD inventories, slower-than-anticipated demand growth from…
Following recent comments from key figures in both the retail industry and politics, the debate over whether grocery stores are price gouging has intensified notably. This issue was brought into the spotlight when Vice President Kamala Harris, who is running as the Democratic candidate for President, accused grocers of inflating…
Back-to-school season is upon us, and Gen Z TikTokers have decided which items to buy this year to look cool for school.Nine of the most popular items will collectively set you back about $1,000.Some of the most popular brands on the Gen Z’s buying list include Lululemon, Adidas, Apple, Owala,…
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores. Shares of the Minneapolis-based retailer rose 11% in premarket trading,…
