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The gold market witnessed a historic surge on Thursday as prices soared to unprecedented levels, driven chiefly by the weakening US dollar. As the dollar depreciates, gold becomes more affordable for traders dealing in other currencies, consequently boosting its demand. The price of gold surged to over $2,792 per 31.1 grams, surpassing the previous peak of around $2,790 reached in late October. This upward trend followed the release...
Apple Inc., the world-renowned technology giant, has announced its most successful financial quarter to date, with revenues soaring to $124.3 billion (approximately 119.5 billion euros). This impressive figure, however, masks a complicated performance landscape, particularly in the Chinese market. While CEO Tim Cook expressed satisfaction with the robust financial results, highlighting strong profit margins across Apple’s product lines, the company faced challenges in maintaining its momentum in China,...
The German government has significantly downgraded its economic growth projections for the year, now anticipating a mere 0.3 percent increase, a stark decrease from the previously expected 1.1 percent. As Europe’s largest economy, Germany’s economic performance is crucial not only domestically but also for its key trading partners, including the Netherlands. For the second consecutive year, Germany’s economy contracted in 2024, underscoring the persistent challenges it faces. This...
In a strategic move aimed at assessing the broader implications of recent financial maneuvers, the Federal Reserve is anticipated to maintain the Fed Funds target rate during its January meeting. This decision comes on the heels of a significant adjustment that lowered the official short-term credit cost from its September peak of 5.25-5.50% to a range of 4.25-4.50%. By opting to hold rates steady, the Federal Reserve is...
ASML, the leading chip machine manufacturer based in Veldhoven (Netherlands), has reported a dramatic increase in orders during the fourth quarter of last year, marking a commendable achievement despite global market challenges. The company’s orders surged to an impressive 7.1 billion euros, a substantial rise from the 2.6 billion euros in the third quarter and an increase from the nearly 5.6 billion euros recorded in the quarter before...
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