A hype makes a bubble: AI has been a magnet for heavy investments, which are now being feared as a function of unrealistic promises, creating the so-called ‘AI bubble.’ If AI fails to deliver, that bubble will be considered as having popped. Whether it really is a bubble is largely disputed among tech executives and […]
Gold steadied after a three-day selloff, with buyers buying the dip ahead of an expected interest-rate cut by the US Federal Reserve. Even after the pullback, the gold rate still up about 50% this year. (Bloomberg) Gold prices held near $3,950 an ounce, after losing more than 4% over the prior three sessions. Spot gold […]
The gold price rose to a record as heightened US-China frictions and bets that the US Federal Reserve will press on with monetary easing through the end of the year supported demand. Gold price has risen about 5% so far this week and touched a peak above $4,227 an ounce amid a “US-China trade war” […]
Global gold prices has crossed $3,900/ounce for the first time on safe haven demand due to US government shutdown and hope of US Fed rate cuts. Source link
