Gold and silver prices soared to record highs, with escalating geopolitical tensions and a weakening US dollar fueling the historic rally in precious metals. Platinum prices also hit new highs. Spot gold prices rose by as much as 1.2%, touching a high above $4,530 per ounce. The tensions in Venezuela, including the US seizure of […]
Driven by the escalating tensions in Venezuela and market expectations of further interest rate cuts in the United States, the price of gold soared to a record high above $4,500 per ounce. The prices of silver and platinum also reached all-time highs. Spot gold prices rose nearly 1%, extending a three-day winning streak. Tensions over […]
Japanese Finance Minister Kaoru Yosano said that Japan has the right to take bold actions against exchange rate fluctuations that do not reflect the fundamentals. This was her strongest warning to speculators so far after the yen weakened despite the interest rate hike. In an interview with Bloomberg, Kazuyuki Katayama said, “These moves are clearly […]
Gold prices soared to record highs, driven by escalating geopolitical tensions and market expectations that the Federal Reserve will further cut interest rates, delivering the best annual performance in more than four decades. Gold and silver prices rose by more than 1%, surpassing the historical record of $4,381 per ounce set in October. Traders are […]
Gold and silver prices are hovering near record highs, buoyed by expectations of further interest rate cuts in the future, as US inflation growth was lower than expected. Platinum prices are also approaching their highest point in 17 years. Spot gold prices are approaching $4,330 per ounce and are on track for a second consecutive […]
Gold prices remained stable near record highs as investors closely watched the escalating tensions in Venezuela and awaited US inflation data. Gold prices approached $4,340 per ounce, rising by 0.8% on Wednesday. Currently, the price is only about $40 lower than the record high set in October. Inflation data to be released on Thursday will […]
Oil prices rebounded from their lowest level since 2021 after US President Donald Trump ordered the blockade of sanctioned oil tankers heading for waters near Venezuela, upping the pressure on the country. Brent crude oil prices rebounded above $59 a barrel after falling more than 5% over the previous four trading days amid concerns over […]
After rising for four consecutive days, the price of gold steadied as conflicting remarks from Federal Reserve officials prompted traders to scale back bets on further easing of monetary policy next year. The gold price is around $4,310 per ounce, having risen by more than 2% last week. Despite the Federal Reserve cutting interest rates […]
Supported by expectations of further easing of monetary policy after the US interest rate cut this week, gold has stabilized after rising for three consecutive days. The trading price of silver is close to its historical high. Gold prices were largely unchanged at around $4,280 per ounce, after rising 1.2% in the previous trading session. […]
Fabio Panetta, a member of the Governing Council of the European Central Bank, said that the international monetary system might shift from a dollar-dominated one to a system featuring several coexisting global currencies. Panetta said in Dublin on Tuesday that although the dollar will remain a key currency, the world “may gradually move towards a […]