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Range-bound consolidation persists against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, shifting the short-term bias to neutral. In the near term, the pair is expected to hold within 1.2920–1.2950, while over the next 1–3 weeks UOB sees a broader 1.2870–1.2970 range.…

Gold rises above ,000 yet poised for an 11% monthly loss

Gold (XAU/USD) price posts modest gains of 0.35% on Tuesday, set to end the month with losses of over 11% after retreating from monthly highs around $4,500 towards $4,000, weighed by overall US Dollar strength. The XAU/USD pair trades at $4,026 after hitting an eight-month low of $3,942 earlier in the day.XAU/USD steadies as Dollar strength keeps monthly losses intactThe US-Iran war was the main reason behind Gold’s collapse in June, propelling Oil prices higher…

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Elon Musk is bashing MacKenzie Scott’s giving once again

Elon Musk is once again publicly criticizing MacKenzie Scott’s philanthropy.Tesla and SpaceX’s trillionaire CEO has reposted or commented approvingly on at least eight posts on X criticizing Scott’s giving in the past four days.For example, Musk shared one user’s post saying that Scott, who divorced from Amazon founder Jeff Bezos…

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