Quick Summary Nvidia posted a 75.2% adjusted gross margin , among the highest in Big Tech AI hyperscalers plan US$650B capex in 2026 , much flowing to Nvidia Rivals like AMD, Alphabet and Amazon are gaining traction Long-term margin sustainability remains the key investor question Margins Steal the Show While investors already expected strong demand, NVIDIA Corp surprised with something even more impressive: Adjusted gross margin of 75.2% , the highest since late 2024 — and management expects similar levels next quarter. For a nearly US$5 trillion company , that margin signals extraordinary pricing power in AI hardware. AI Spending Wave Still Intact AI hyperscalers are forecasting ~US$650 billion in capex for 2026 , up roughly 60% from 2025. Nvidia remains the primary beneficiary as demand for data centre GPUs continues to surge. But maintaining 75% margins depends on two big factors: 1️⃣ Supply Constraints Rising memory costs remain a ris...
Quick Summary
Gold rose 0.5% to US$5,174 amid US tariff uncertainty
Markets expect three Fed rate cuts in 2026
Silver and platinum also advanced
Traders watching key resistance near US$5,205–US$5,244
Safe-Haven Demand Returns
Gold prices rebounded in Asian trading as investors sought safety following fresh confusion over US trade policy.
Spot gold: US$5,174.76 (+0.5%)
US April futures: US$5,192.20 (+0.3%)
The move comes after the US Supreme Court struck down a batch of tariff measures introduced by President Donald Trump, creating renewed policy uncertainty.
Although Washington began collecting a temporary 10% global import tariff, officials are reportedly working to raise it to 15%, adding to market confusion.
Key point: Policy uncertainty is reviving demand for defensive assets.
Fed Outlook Supports Bullion
Two US Federal Reserve officials signalled no urgency to adjust interest rates.
Markets now expect:
Three 25-basis-point cuts this year, according to CME’s FedWatch tool.
Lower rate expectations typically support gold, as the metal becomes more attractive when real yields soften.
Technical Levels to Watch
According to Reuters technical analysis:
Support: US$5,140
Immediate resistance: US$5,205
Breakout zone: US$5,221–US$5,244
A sustained move above US$5,205 could open the door for another leg higher.
Other Precious Metals
Silver: +1% to US$88.23
Platinum: +2.1% to US$2,212.72
Palladium: +1.4% to US$1,793.68
Silver continues to track gold’s momentum, while platinum gains reflect broader industrial and investment interest.
Geopolitical Watch
Iran and the US are set to hold a third round of nuclear talks in Geneva, adding another layer of geopolitical tension to the market backdrop.
Combined with tariff uncertainty, this keeps the risk premium elevated in precious metals.
Bottom Line
Gold remains well-supported above US$5,100 as trade policy confusion and geopolitical risks drive safe-haven flows.
With rate-cut expectations intact and technical levels pointing to upside potential, bullion could remain firm — especially if US trade tensions persist.
Key Takeaways
Tariff confusion boosts safe-haven buying
Fed seen cutting rates three times this year
Gold eyes breakout above US$5,205
Silver and platinum extend gains
Comments
Post a Comment