Monthly Archives: May 2023
Biden Confident On Debt Ceiling Bill

Written on May 18, 2023 at 6:01 am, by 王建军
President Biden is confident in reaching a bipartisan agreement with congressional leaders to elevate the debt ceiling, effectively averting an unprecedented default situation for the United States. This development has sparked a wave of optimism, prompting the dollar to trade higher, while the safe haven commodity gold languishes amid the surge in risk-on sentiment. Meanwhile,Continue Reading
Positive Progress On U.S. Debt Ceiling Bill

Written on May 17, 2023 at 6:08 am, by 王建军
Investors are rotating out of gold en masse on optimism surrounding the U.S. avoiding a default Both President Biden and House Speaker Kevin McCarthy struck an optimistic tone regarding the prospects of reaching a consensus to raise the national debt ceiling and avert a potentially catastrophic default on the debt. As a result, gold pricesContinue Reading
Dollar Boosted By Fed’s Hawkish Comments

Written on May 15, 2023 at 5:52 am, by 王建军
A bounce in the U.S. dollar has put downward pressure on oil and gold prices Equity markets were stagnant while the dollar has strengthened, driven by hawkish comments from various Fed officials stressing high inflation in the U.S. On the other hand, President Joe Biden and the country’s congressional leaders are going to meet onContinue Reading