Gold extended its record-breaking rally on Thursday, surging past $5,500 an ounce as investors piled into safe-haven assets amid mounting geopolitical and economic strains.
Gold extended its record-breaking rally on Thursday, surging past $5,500 an ounce as investors piled into safe-haven assets amid mounting geopolitical and economic strains.
Gold prices rose to $4,970/oz at 23:08 pm on Thursday evening in the spot market, consolidating overnight at $4,930/oz, gaining 7% on the week. Silver hit $101.8/oz at 1:24 am on Friday,
Gold is poised to achieve its best weekly performance since 2008, driven by a surge in demand following Donald Trump’s recent provocative comments regarding tariffs on Greenland.
Gold continued its relentless advance, hitting yet another record high at $4,967 an ounce. The metal is now up more than 7% over the week and has added around $20
Asian equities were mostly lower on Tuesday, with US markets closed for Martin Luther King Jr. Day, as global sentiment weakened following fresh tariff threats from Donald Trump.
Oil prices moved higher and Asian equity markets were mostly stronger, led by a sharp rally in Japan after Wall Street closed at fresh record levels.
Asian equities were mostly lower on Thursday as Wall Street’s early New Year rally lost momentum.
Asian markets were mixed as investors balanced expectations around global interest rates with lingering uncertainty over recent developments in Venezuela and geopolitical risk.
Asian markets delivered a strong performance on Tuesday, led by record-setting gains in Japan, as momentum from Wall Street’s rally continued to ripple through global equities.
Oil prices retreated while precious metals surged after the US captured Venezuelan president Nicolas Maduro in a weekend raid, a development that rattled energy markets but sent investors rushing toward
Asian markets advanced after softer-than-expected US inflation data revived hopes of another interest rate cut as soon as next month.
Asian markets slipped further after a sell-off in AI-related stocks pushed US equities to their weakest session in nearly a month.