Posts

Showing posts from August, 2024

Today's Gold Price for 1 Don & U.S. Economic Data and Gold Prices

Image
Today's Gold Price for 1 Don Introduction Today's gold prices reflect fluctuations in various precious metal assets. Below is the current price information for gold and other metals based on the 1 don standard: Pure Gold : Selling Price 399,000 KRW / Buying Price 454,000 KRW (Change from Previous Day: +1,000 KRW) 18K Gold : Selling Price 293,300 KRW / Buying Price 0 KRW (Change from Previous Day: +700 KRW) 14K Gold : Selling Price 227,400 KRW / Buying Price 0 KRW (Change from Previous Day: +500 KRW) Platinum : Selling Price 146,000 KRW / Buying Price 180,000 KRW (Change from Previous Day: +2,000 KRW) Silver : Selling Price 4,310 KRW / Buying Price 5,420 KRW (Change from Previous Day: +70 KRW) Relationship Between Interest Rate Cuts and Gold Prices Recent changes in the Chicago Mercantile Exchange (CME) FedWatch Tool indicate shifts in expectations for the Federal Reserve's interest rate decisions. The probability of rate cuts for the FOMC meeting on September 18, 2024, is s...

Analysis of Intel's Stock Plunge Following Earnings Report

Image
Analysis of Intel's Stock Plunge Following Earnings Report Overview Intel, the leading CPU manufacturer, recently announced its second-quarter earnings, which fell significantly short of market expectations, leading to a sharp decline in its stock price. In after-hours trading, Intel's stock plummeted by -20%. This earnings report not only reflects the company's financial performance but also impacts the global semiconductor market, including major South Korean semiconductor companies such as SK Hynix and Samsung Electronics. In this post, we will delve into the reasons behind Intel's poor performance, the market reaction, and the impact on South Korean semiconductor companies. Summary of Intel's Q2 Earnings Report Intel reported an earnings per share (EPS) of 2 cents for the second quarter, far below the expected 10 cents. This figure, which excludes non-recurring expenses, resulted in a net loss under GAAP standards. The revenue from the data center and AI segment...