Gold prices are poised for further gains as they capitalize on heightened geopolitical tensions. In the current environment, gold continues to climb, reaching new highs and overcoming various obstacles. Investors are increasingly turning to gold as a safe-haven asset, driven by fears of an escalating trade war. Additional support for gold prices comes from expectations…
The dollar hit an 8-week low against the yen and a 1-month low against the pound amid declining investor concerns about inflationary risks related to Trump’s trade policy. The Japanese yen strengthened due to expectations of an interest rate increase by the Bank of Japan. Representatives of the regulator supported a further increase in the…
Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching the maximum price increase since August 2022. This is due to higher premiums for Middle Eastern raw materials and improved refining margins in the region. Sanctions against Russian oil have forced Asian refiners to look for alternatives,…
The heads of the Federal Reserve Banks of Boston and Atlanta, Susan Collins and Rafael Bostic, believe that given the uncertainty in the US economy and politics, there should be no rush to lower the base interest rate. Collins noted the importance of a cautious approach in monetary policy, pointing out the prematurity of sudden…
Gold has once again delighted its investors by reaching a new record high. The precious metal is benefitting from the tense geopolitical climate caused by the ongoing trade tensions between the U.S. and other countries. The precious metal is actively attracting investment as people seek safe assets amid renewed worries of a trade war between…
Belgium has launched a new government led by Flemish nationalists from the N-VA party, which won the elections eight months ago. For the first time in the country’s history, the post of Prime Minister of the federal government was occupied by N-VA leader Bart De Wever. The formation of the cabinet was completed after an…
In early February, the U.S. stock market faced pressure following the announcement of new import tariffs by President Donald Trump. This decision to impose duties on goods from key trading partners raised concerns among investors about potential negative impacts on the global economy. As a result, the Dow Jones index dropped by 613 points, which…
Market sentiment turned bearish, affecting most cryptocurrencies. Bitcoin briefly dropped nearly 6% to $93,890, while smaller tokens saw even sharper declines. Ethereum, the second-largest cryptocurrency by market capitalization, plunged 27% on Monday, February 3, to $2,135. It later rebounded slightly, but experts see this as its largest intraday drop since May 2021. On the morning…
The price of gold reached an all-time high on Friday, capping its best month since March 2024. Investors are actively switching to this protective asset amid concerns about tariffs in the United States. Traders’ attention is focused on the key report on inflation in the United States, expected later. The spot price of gold was…
The main events by the morning: January 29 Source link