The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Gold prices fell further from recent record highs on Friday despite a number of positive catalysts.
Spot gold fell 0.7 percent to $3,092.92 per ounce in early European trade after hitting a record high in early April. U.S. gold futures were down 0.2 percent at $3,114.31.
Selling pressure in gold could be primarily due to profit booking after a significant run over the last 12 months. Bullion is up nearly 35 percent over the last year.
The recent surge was driven by tariff concerns, geopolitical risks, declining U.S. dollar, and growing inflation forecasts.
According to UBS, the latest tariff measures unveiled by U.S. President Trump may knock down U.S. economic growth by 2 percentage points this year and raise inflation close to 5 percent.
A U.S.-based analyst from Morningstar has forecast a 38 percent decline in gold prices in the coming years, despite an uncertain economic environment.
On the contrary, some financial institutions remain optimistic about bullion's future. Bank of America has predicted that gold could rise to $3,500 per ounce in the next two years. Goldman Sachs expects a year-end price of $3,300 per ounce.
As growth worries mount, there is now increased speculation that the Federal Reserve could accelerate interest rates to make it easier for U.S. companies and households to borrow and spend.
The release of the monthly U.S. jobs report as well as remarks by Federal Reserve Chair Jerome Powell may influence trading later in the day.
