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Gold Prices Fluctuate as US and Iran Prepare for Peace Talks

Key Points: Gold prices hover near $4,757 an ounce ahead of critical peace talks between the United States and Iran. President Donald Trump warned Iran not to charge shipping fees in the recently opened Strait of Hormuz. Traders still expect the Federal Reserve to cut interest rates this year after reviewing the latest core inflation data. Global central banks, including those in Poland and China,...

Bank of America: Investors Cover Dollar Shorts After Iran Conflict but Hesitate to Buy

Key Points: Bank of America surveyed fund managers who quickly closed short positions on the US dollar. Traders view the geopolitical shock as a temporary bump rather than a long-term trend change for 2026. Fears of an economic slowdown currently outweigh inflation worries across the broader financial market. Emerging market assets look attractive again because investors previously cleared out their heavy positions. Bank of America...

TSMC Sales Surge 35% as AI Demand Keeps Growing

Key Points: TSMC reported a massive 35% revenue increase during the first quarter. Global semiconductor spending will hit an incredible $1.3 trillion by 2026, according to research firm Gartner. Artificial intelligence companies face severe chip shortages and must secure computing power from multiple sources. Cloud provider CoreWeave saw its shares jump 13% after signing a major computing deal with Anthropic. Taiwan Semiconductor Manufacturing Company (TSMC)...