Latest Updates Around The World
Precious metals prices are expected to undergo further consolidation in the coming week, with volatility likely to persist as investors monitor key U.S. economic data including inflation figures, GDP figures and policy signals from the Federal Reserve, analysts said. Traders will also keep a close eye on U.S. labor data, along with minutes of Federal […]
That of the US Federal Reserve January 23 decision Supporting the embattled Japanese yen is believed to be responsible for gold’s historic price rise above the US$5,000 per ounce level. The New York Federal Reserve reportedly carried out a “rate check” on currency traders regarding the exchange rate between the US dollar and the Japanese […]
Gold rose on Tuesday after breaking the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near a record high. RAW MATERIALS * Spot gold rose 1.1% to $5,068.05 an ounce as of 0121 GMT, after hitting a record high of $5,110.50 the […]
The U.S. Federal Reserve is widely expected to leave rates unchanged at its meeting next week, holding firm despite President Donald Trump’s push to cut interest rates while guarding against threats to its independence.The central bank has cut rates three times in a row since September as the labor market weakened, bringing rates to between […]
Silver has broken a major psychological barrier, rising above $100 an ounce on the COMEX for the first time in history. The dramatic rally, marked by a 7.15% gain to $103.26, comes amid a rare alignment of monetary policy shifts, industrial demand, geopolitical uncertainty and structural supply constraints, factors that analysts say are redefining the […]
The new year starts with US jobs data, a rebalancing of commodity indices and an OPEC+ meeting. The markets are gearing up for more IPOs, and much of the enthusiasm that fueled the 2025 market peaks is seemingly intact. But there are plenty of risks on the horizon, with a U.S. Supreme Court tariff ruling […]
European shares hit record highs on Monday, led by commodity stocks, as trading resumed after Christmas and Boxing Day.The pan-European STOXX 600 rose 0.02% to 588.71 at 0820 GMT, down from the record high of 589.61 it hit earlier in the session. Across the region, Germany’s DAX fell 0.2%, while Britain’s FTSE 100 and France’s […]
Silver has officially surpassed Microsoft to become the fifth largest asset in the world by market capitalization, marking a historic moment for the precious metal.After rising past $63 per ounce for the first time, the total market value of silver climbed to about $3.593 trillion – just enough to top Microsoft’s valuation of $3.59 trillion. […]
Global equities are expected to end the week on a positive note as investors reacted to the latest policy move from the US Federal Reserve, which came slightly later than expected but had a tone interpreted by many on the Street as friendlier than feared. The latest rate cut was seen as less aggressive than […]
US Fed Chairman Jerome Powell (file photo by AP) The Federal Open Market Committee (FOMC) of the US Federal Reserve, led by Fed Chairman Jerome Powell, cut the key interest rate by 25 basis points on Wednesday. The rate is now between 3.5 percent and 3.75 percent, the lowest level in almost three years. “In […]
