Written by Mitrade
Reviewed by Mitrade
Written by Mitrade
Tech giants forecast a significant drop in smartphone, PC, and console sales as rising memory chip prices compel companies to increase retail costs, potentially stifling consumer demand.
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The U.S. dollar firmed as President Trump withdrew European tariff threats following a NATO "framework deal" on Greenland. Meanwhile, the Australian dollar hit a 15-month high amid hawkish RBA rate bets.
Gold prices soared to a historic high of $4,844 an ounce amidst rising geopolitical unrest linked to Greenland and a weakening U.S. dollar. Investors flock to precious metals as trade tensions escalate.
Oil prices stabilized on Wednesday as traders weighed escalating geopolitical tensions over the U.S. push to take control of Greenland against a backdrop of persistent concerns about global oversupply.