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The Swiss customs authorities have published data on Gold exports in August, Commerzbank’s commodity analyst Carsten Fritsch notes.

US Dollar (USD) could strengthen further; deeply overbought conditions suggest any advance may be limited to a test of 148.45. In the longer run, USD could continue to advance, but it is unclear for now if it can reach 149.15, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) could strengthen further; deeply overbought conditions suggest any advance may be limited to a test of 148.45. In the longer run, USD could continue to advance, but it is unclear for now if it can reach 149.15, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5870/0.5920. In the longer run, slight increase in downward momentum suggests NZD is likely to trade with a downward bias, potentially testing 0.5850, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Gold price came under pressure with some delay after the Fed meeting. A brief rise to a new record high of more than $3,700 per troy ounce was followed by a decline of around $70 by Thursday morning, Commerzbank’s commodity analyst Carsten Fritsch notes.

Adding a $100,000 fee for H-1B visas would have big consequences across immigration, labor markets, and business strategy. Smaller employers would almost entirely stop filing along with outsourcing firms. Even large tech companies could sharply reduce numbers, using visas only for extremely scarce roles.

This type of visa is a work permit that allows employers to hire foreign professionals in specialty occupations — think tech, engineering, or medicine — that require specialized knowledge and at least a bachelor’s degree.

The US issues about 85,000 new H-1B visas per year so at most this would raise $8.5 billion but would deprive tech companies — Nvidia alone is worth $4 trillion — of some of their best workers.

This article was written by Adam Button at investinglive.com.

The fundraising comes weeks after Musk raised $10 billion in debt and equity at what was believed to be a roughly $150 billion valuation, according to Faber.

The latest survey from the American Association of Individual Investors is something of a red flag for equity markets. Sentiment in the survey jumped to jumped to 41.7% from 28.0%. That’s the biggest one-week surge since January and also the highest reading since the July 3rd peak at 45.0%, which was the high of the year.

The number isn’t a raging sell signal but it’s above the long-term average of 37.5% for the first time in 7 weeks.

Notably, there is a big divide in the market with bearish sentiment at 42.4% and still above the long-term 31.0% average.

As for the bullish side, the all-time high of 75% came right at the peak of the dot-com bubble on January 6, 2000. More recently, the 2021 peak was 56.9% in early April that year and it wasn’t until December of that year that the market peaked and rolled over.

Another interim peak was in July 2024 when it hit 52.7% bullish and that was followed in very short order by a 9.7% correction that was halted when the Fed began to signal rate cuts.

In short, I wouldn’t be too worried yet but keep an eye on this indicator if it gets above 50% and certainly above 55%.

This article was written by Adam Button at investinglive.com.

Kevin Durant has regained access to his Coinbase account containing bitcoins.

Judge Steven Merryday noted that President Trump’s defamation lawsuit against The New York Times “consumes” 85 pages.