Gold

The post Morning brief: Gold tops $5,000, Yen volatility rattles markets appeared first on Invezz

Gold prices edged closer to the historic $5,000 mark on Wednesday as the precious metal breached $4,800 per ounce for the first time ever. Meanwhile, silver prices also hovered near their record highs as safe-haven demand for the precious metals continued to rise. Oil prices rose for most of the day as investors assessed a

Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz.  This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold. Gold prices on COMEX had hit a fresh record high of $4,890 per

Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new

It seems as if there is no stopping the ongoing rally in precious metals prices.  Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties.  Lower interest rates increase the appeal of precious metals as they are non-yielding assets, unlike

The precious metals market is witnessing records tumbling every trading week. Gold on COMEX rose to a record high of $4,969.69 per ounce earlier on Friday, nearing the coveted $5,000-per-ounce mark. Meanwhile, silver continued to outperform gold in dramatic fashion and came within a whisker of hitting $100 an ounce. Meanwhile, oil prices rebounded sharply

Investors are bailing on Intel (NASDAQ: INTC) this morning after the semiconductor giant posted market-beating Q4 earnings but disappointed on the guidance front. According to the company’s management, its soft guidance is mostly related to demand outpacing supply. Simply put, on the earnings call, Intel essentially told investors that it doesn’t have enough of what

Brazilian central bank is expected to start loosening interest rates in March, the first time in nearly two years, as policymakers pursue support for a struggling economy against a backdrop of fading inflation pressures. The outlook from a Reuters poll of economists is driving increasing confidence that monetary easing is just around the corner after a long

US consumer sentiment improved modestly in January, showing gains across demographic groups even as Americans remained uneasy about high prices, job prospects and the broader economic outlook, according to a closely watched survey released on Friday. The University of Michigan’s Consumer Sentiment Index rose to a final reading of 56.4 in January, up from a

Europe is bracing for a sharper, more transactional political economy. The UK is signalling an “economic reset” with China, as Starmer heads to Beijing flanked by heavyweight finance and trade figures in a bid to re-energise investment and partnerships. At home, regulators are turning the screws on Big Tech, with Ofcom launching a formal probe