Recently, spot gold has surged to an unprecedented price of US$2,817. This remarkable achievement not only highlights the growing interest among investors but also emphasizes the pervasive volatility in global markets. Given the historical context and previous performance of gold, a significant increase of this magnitude prompts inquiries regarding its sustainability. While the ascent reflects
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In a striking display of market dynamics, the price of gold surged past the 2,800 USD per ounce mark this past Friday, marking an unprecedented peak in its storied history. This sharp escalation was ignited by a burgeoning apprehension among investors, catalyzed by recent aggressive trade comments from US President Donald Trump. His rhetoric has
As 2025 kicks off, financial markets worldwide are poised for a tumultuous week, driven by significant events from major central banks, critical earnings reports from tech giants, and the unveiling of potential new policies from U.S. President Donald Trump. These elements coalesce to create an environment of uncertainty but also opportunity, as investors navigate the
As of the latest trading sessions, the Australian Dollar (AUD) has been experiencing a precarious phase, hovering around the 0.6215 level against the US Dollar (USD). Despite the currency briefly dipping to a two-week low, it has managed to hold on to some minor gains thanks to a mixture of local economic activity and international
The recent surge in sentiment surrounding China’s AI industry has notably impacted tech stocks across Asia, particularly reflected in the Hang Seng Tech Index, which experienced a commendable 1.42% rise. Leading this charge, major players like Baidu (9888) and Alibaba (9988) demonstrated impressive gains of 7.66% and 4.19%, respectively. Brian Tycangco, an expert at Stansberry
The USD/JPY currency pair has recently settled around the 154.25 mark, maintaining this critical level for four consecutive trading days. This relative stability, however, belies the underlying bearish sentiment that pervades the market. While the currency pair seems to defy immediate downward trends, the technical indicators reveal a sobering outlook that suggests traders remain cautious.
As we delve into 2025, the initial public offering (IPO) market has experienced a modest resurgence, with more than a dozen IPOs debuting recently. Despite the uptick in activity, investor enthusiasm has been lukewarm, indicating a cautious approach from the market. The latest IPO, launched on a Thursday, adds to this growing list, yet the
Gold has seen a revival, positioning itself for the most impressive monthly performance since March of the previous year. If we examine the driving forces behind this trend, it becomes evident that strong market sentiment, intertwined with the implications of American political developments, plays a crucial role. As investors flee to safe-haven assets amid uncertainties,
In a remarkable turn of events, gold prices soared to unprecedented levels, surpassing the psychological threshold of $2800. This surge, culminating in a 1.3% increase on Thursday, reflects a convergence of factors compelling investors to seek the safety of bullion. The backdrop of this recent rally is dominated by renewed tariff threats issuing from the
The US dollar (USD) is currently holding steady above the critical threshold of 108.00, setting the stage for significant developments in global trade as traders anticipate potential tariff announcements over the weekend. With the intricate web of international trade policies and the resurgence of protectionist measures, the dollar’s stability serves as a focal point in
The economic landscape of the United States is once again facing a significant shift as President Donald Trump plans to impose new tariffs on goods imported from Canada, China, and Mexico. Set to commence on February 1, the tariffs—25% on Canada and Mexico, and 10% on China—pose profound implications not only for international trade relations
Deutsche Bank, Germany’s largest financial institution, finds itself grappling with significant financial setbacks as it reported its fourth-quarter earnings for 2024. The results revealed much weaker profit margins than anticipated, overshadowed by substantial legal expenses and provisions. This article will delve into the key elements of these results, contextualize them within the broader economic landscape,