The US can still avoid a recession if its plays its cards right – CIBC

[ad_1] CIBC today indicates that next week it will upwardly revise its forecasts for US economic growth and pencil in an additional Fed hike this year. That move goes against the current prevailing market thinking that has the Fed stuck on the sidelines for months. Current pricing suggests only an 8% chance of a hike

Gold Futures: Further consolidation on the cards

[ad_1] Open interest in gold futures markets resumed the uptrend and rose by around 3.7K contracts on Tuesday, according to preliminary readings from CME Gro [ad_2] لینک منبع : هوشمند نیوز

Further gains on the cards

[ad_1] Share: CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops. Gold now retargets $1900 Friday’s marked rebound in