Latest Updates Around The World
Gold prices, after a massive rise to an all-time high of Rs 1,32,200 per 10 grams, have fallen almost 8% in just nine sessions to trade around Rs 1,22,100. The sharp correction has sparked widespread debate in the market, with many wondering whether the previous surge was a speculative bubble or whether there is still […]
Gold prices continued their decline on Wednesday, retreating further after a record rally earlier this week as traders cashed in on gains and sentiment improved after signs of thawing US-China relations. Spot gold fell 0.4% to $4,109.19 an ounce, following Tuesday’s steep 5% decline, the sharpest one-day drop since August 2020. The reversal came after […]
Gold prices rose slightly on Monday, recovering after a sharp fall last week from record highs above $4,300 an ounce following US President Donald Trump’s comments that eased US-China trade tensions and pushed investors into riskier assets. RAW MATERIALS * Spot gold rose 0.4% to $4,263.59 an ounce as of 02:03 GMT, after losing about […]
Renewed trade tensions between the US and China pose new downside risks to the economic outlook, making it more important that the US central bank cuts interest rates, Federal Reserve Governor Stephen Miran said on Wednesday. “We have to recognize that there is some difference now from where we thought a week ago,” before China […]
Asian shares recovered after three days of losses as optimism over a possible Federal Reserve rate cut improved sentiment and offset renewed trade tensions between the US and China. Stocks in Japan, South Korea and Australia all rose at the open after Fed Chairman Jerome Powell’s concerns about a weakening labor market boosted investor expectations […]
SINGAPORE: The US dollar recovered from a sell-off in early trade on Monday as investors hoped Washington could temper the latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and yen. The dollar index, which measures the greenback’s strength against a basket of six currencies, rose […]
