Finance

Gold Prices Reach Record High Amid Elections and Economic Uncertainty Source: Investing.com Record Performance in Gold Prices * Gold prices surged to an all-time high, hitting $2,769.02 per ounce. * Spot gold saw an increase of 1% and futures rose by 0.9% to $2,781.00. Factors Driving

HSBC Reports Strong Q3 Earnings with Share Buyback Announcement Source: CNBC Key Financial Highlights * Pre-tax Profit: $8.5 billion, an increase of 10% from $7.7 billion in the prior year. * Quarterly Revenue: Rose 5% to $17 billion compared to $16.2 billion last year. * Profit After Tax: $6.7

**HSBC to Buy Back $3 Billion Shares as Profit Beats Estimates** *Source: Bloomberg - [Bloomberg Article](https://www.bloomberg.com/news/articles/2024-10-29/hsbc-to-buy-back-3-billion-shares-as-profit-beats-estimates)* Overview HSBC Holdings Plc has announced a significant stock buyback program worth $3 billion following impressive earnings that surpassed market expectations. This move comes shortly after

Australian Dollar Declines as US Dollar Gains Strength Amid Less Dovish Fed Source: FXStreet Market Overview * The Australian Dollar (AUD) has experienced a downward trend against the US Dollar (USD), marking its third consecutive session in decline. * The USD continues to strengthen ahead of the upcoming US presidential election, fueled

Overview of Bitcoin ETF Inflows As of October 29, 2024, spot Bitcoin ETFs have experienced a significant surge, accumulating over $22 billion in inflows. This trend highlights a strong market demand, primarily driven by retail investors, who now account for approximately 80% of the total assets in these ETFs. Key

Gold Forecast: Continues to Recover Source: DailyForex Market Overview * The gold market has stabilized after recent fluctuations, indicating a renewed bullish sentiment among traders. * Traders are interpreting recent pullbacks as minor within the context of a longer-term upward trend. Technical Analysis Insights * Current price levels show a potential for recovery,