Gold (XAU/USD) surges to fresh record highs on Monday, as escalating geopolitical tensions bolster safe-haven demand. At the time of writing, XAU/USD is trading around $4,413, up about 1.70% on the day, after breaking above the October 21 peak near $4,381. The precious metal is on track for its strongest annual performance since 1979, with prices up nearly 67% year to date. The rally has been fuelled by a dovish Federal Reserve (Fed) stance, broadly weaker US Dollar (USD), sustained central-bank buying, and record inflows into Gold-backed ETFs. Looking ahead, markets continue to anticipate...
Gold and silver surged to all-time highs, as rising geopolitical tensions and bets on further U.S. interest rate cuts added momentum to their best annual performance in more than four decades. Gold and silver rose 2.1% to surpass their previous record of $4,381 an ounce set in October, while silver gained 3.4%, approaching $70 an ounce. This move extended a remarkable rally that has put both metals on track for their strongest annual performance since 1979. This latest surge came as traders bet the Federal Reserve would cut interest rates twice by 2026, and as U.S. President Donald Trump...
Oil prices rose as President Donald Trump tightened the blockade on Venezuela, with US forces boarding one tanker and pursuing another within weeks of capturing a vessel. West Texas Intermediate oil traded as high as $58 per barrel on Monday after two weeks of declines. The US Coast Guard boarded the tanker Centuries in the Caribbean on Saturday, carrying about 2 million barrels of Venezuelan crude. It was the first non-sanctioned vessel to be targeted. US forces are also pursuing the Bella 1, which was en route to Venezuela. Washington has been increasing pressure on the government of...