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Insights from Trading Central's Global Research Desks
Nvidia (NVDA) gained 4.79% to $693.32, marking a third consecutive record close. Goldman Sachs raised its price target on the stock to $800. Tesla (TSLA) fell 3.65% to $181.06, the lowest close since May 2023. ON Semiconductor (ON) jumped 9.54% as fourth-quarter results exceeded market expectations.
Bitcoin Breaks Above $40,000, Alaska Air Acquires Hawaiian Holdings, Spotify Announces Layoffs
Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%
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Gold prices seesawed on Omicron variant news as real rates rose. Testimony from Fed Chair Powell now in focus, may offer support. Technically, prices are testing the mettle of a three-month uptrend
Gold plunges after Biden renominates Powell to Fed Chair. XAU traders eye US inflation data due out this Wednesday. 1800 level key to direction, will bears break below the level?
Rising inflation expectations and falling long-end bond yields have given a new shine to gold prices. If real yields – nominal yields less inflation – continue to fall, gold prices will likely continue their rally.
GOLD, XAU/USD, INFLATION, TREASURY YIELDS, BREAKEVEN RATES– TALKING POINT
GOLD, XAU/USD, TREASURY YIELDS, FED RATE HIKE BETS, CPI – TALKING POINTS
GOLD, XAU/USD, NFPS, TREASURY YIELDS, FEDSPEAK, TECHNICAL ANALYSIS - TALKING POINTS: