Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets that the US Federal Reserve will cut interest rates next month. Meanwhile, silver prices have outperformed gold this week, with the metal on COMEX hitting a new record high on Friday. The metal has spiked
Oil prices remained flat on Thursday as trading volumes were thin due to the US Thanksgiving holiday. Gold prices fell from two-week high as investors continued to assess the likelihood of an interest rate cut by the US Federal Reserve next month. Silver prices also pulled back after hitting their highest level of $54 per
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, a move a senator confirmed on Thursday despite fears it could violate European Union regulations. Lucio Malan, a Senator from Prime Minister Giorgia Meloni’s Brothers of Italy party, stated on Radio 24
Global technology, geopolitical tensions, and economic market shifts dominated the news cycle as developments unfolded across AI, international security, and financial markets. OpenAI is forecasting a sharp expansion in paid ChatGPT users, Taiwan is preparing a significant defence spending increase amid rising pressure from Beijing, negotiations toward a potential Russia–Ukraine peace agreement progressed, and Asian
Gold prices fell on Monday due to a stronger dollar against a basket of major currencies. Silver prices also declined slightly as the dollar strengthened and weighed on sentiment. Meanwhile, oil prices also fell earlier in the day before stabilising somewhat. Oil prices had experienced steep losses last week due to growing optimism over a
After having spent most of the day in the red, gold prices rebounded due to renewed expectations of a December interest rate cut by the Federal Reserve. On the other hand, silver prices dipped nearly 2%, but hopes for a rate cut limited losses. Oil prices fell, and were set for a weekly decline as
Physical gold demand across major Asian markets remained notably weak this week, a direct consequence of pronounced volatility in international gold prices. This instability created a climate of uncertainty that deterred potential buyers, who opted to postpone significant purchases in anticipation of a clearer price direction. Specifically, the sharp fluctuations in spot gold rates made
Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the
Gold prices slipped to a one-week low on Tuesday as traders scaled back on their expectations of interest rate cuts by the US Federal Reserve. Silver prices were also lower, tracking losses in the yellow metal. The metal also fell below $50 per ounce on COMEX to a one-week low. Meanwhile, oil prices, after having
Gold and silver prices fell on Monday as traders assessed expectations of rate cuts by the US Federal Reserve. Meanwhile, oil prices were steady as loadings have restarted at the Russian export hub of Novorossiysk, a Black Sea port, following a two-day pause caused by a Ukrainian attack. Prices of base metals were also in
