Yvonne Yue
100%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Hedge Fund Industry Experiences Volatility: Long/Short Funds, Multi-Strategy Funds Affected
Broke On: Thursday, 18 July 2024Hedge funds, particularly long/short and multi-strategy ones, suffered significant losses in recent days due to market volatility caused by factors like momentum, high volatility, concentrated stocks, and crowded trades. The Nasdaq 100 index experienced a decline of 2.9%, while gold hit an all-time high amid economic uncertainty and geopolitical risks. Despite challenges, some hedge funds remain bullish on certain sectors. Gold Prices Drop 2.5% as Middle East Tensions Ease and Haven Demand Wanes
Broke On: Monday, 22 April 2024Gold prices dropped by up to 2.5% on April 22, 2024, as geopolitical tensions in the Middle East eased and demand for the precious metal waned. Despite a five-week rally and an about 13% year-to-date increase, gold was last down $57.50 at $2,356.20 an ounce due to US economic data focus and easing war risks. Gold Prices Drop 2.5% as Middle East Tensions Ease and Haven Demand Wanes
Broke On: Monday, 22 April 2024Gold prices dropped by up to 2.5% on April 22, 2024, as geopolitical tensions in the Middle East eased and demand for the precious metal waned. Despite a five-week rally and an about 13% year-to-date increase, gold was last down $57.50 at $2,356.20 an ounce due to US economic data focus and easing war risks.