Gold rose to a new record high, as trade war concerns boosted haven demand and there were signs of continued short-term tightness in the market.
Bullion rose as much as 1.2% to above $2,877 an ounce on Wednesday. Prices have been supported by concerns about the impact of trade tensions, particularly between the U.S. and China. The market is also waiting to see if there will be a ripple effect for U.S. monetary policy if tariffs rekindle inflation.
There are signs of rising demand for gold as primary dealers look to shift the metal to the U.S. before any tariffs are imposed. So-called one-month rental rates in London have jumped to around 4.7%, well above previous levels near zero. The rate reflects the return that holders of bullion in London vaults can earn by lending their metal to other buyers on a short-term basis.
Source: Bloomberg
Gold consolidated gains from a day earlier, holding above $4,000 an ounce as traders weighed a US-China trade truce that failed to quash concerns about long-term competition between the world's t...
Gold price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell's hawkish comments at the press conference. Falling US Treasury yie...
Gold prices jumped 2% on Thursday (December 30th), driven by a weaker dollar following the Fed's interest rate cut and as investors remained uncertain about the outcome of a trade deal between the pre...
Gold has eased below $3,950 an ounce after Fed Chair Powell warned a December cut is not a foregone conclusion, knocking market odds for another 25bp move and lifting the 10-year Treasury above 4%, wh...
Gold rebounded more than 1% on Wednesday (October 29th) as investors found the precious metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve's inte...
The Hang Seng Index plunged 376 points, or 1.4%, to close at 25,907 on Friday, marking its third consecutive session of decline amid widespread declines across sectors. Market sentiment weakened after China's official PMI showed manufacturing...
European stocks edged lower on Friday (October 31st), with the STOXX 50 and STOXX 600 down 0.1%, as corporate earnings remained in focus and investors continued to assess the impact of the recent US-China trade truce. Among the stocks moving,...
The Nikkei 225 index closed higher on Thursday (October 31, 2025), driven by strong gains in technology and electronics stocks. Positive sentiment emerged after the Bank of Japan maintained its policy interest rate, while a weaker yen boosted the...
The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the Monetary Policy Statement following the...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by...
Japan and the United States have agreed to cooperate on next-generation nuclear power reactors and rare earths, as Tokyo seeks to re-enter the...