(Reuters) -Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday. “We expect continued price consolidation … and highlight our view that…
SHANGHAI, – China and Hong Kong stocks rose on Wednesday, led by mining and battery shares, as a rally in gold prices and the strong Hong Kong debut of CATL boosted sentiment. ** China’s blue-chip CSI 300 Index added 0.7% by the lunch break, while the Shanghai Composite Index gained 0.4%. Hong Kong benchmark Hang…
Wall Street’s “sell America” trade wavered on Thursday as US stocks roared higher in a three-day rally sparked by easing trade tensions, although mixed messages from the Trump administration tempered investor enthusiasm and kept markets on edge over the durability of any potential deals. Earlier this week, investors dumped both US stocks and traditional safe…
US Stock Market Live: Benchmark indices on Wall Street gained for the second day in a row on Wednesday, but could not hold on to the initial euphoria of strong gains for two consecutive sessions. Futures this Thursday morning, Indian time, are trading in the red, although the losses are minimal. The Dow futures are…
(Reuters) – JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards…
Global markets today: There is chaos across global financial markets. US President Donald Trump’s reciprocal tariffs have spooked investors, prompting them to pull their money out of various asset classes. That reciprocal tariffs were coming was expected. What’s creating panic among investors is the prospect of a trade war that could disrupt global economic growth…
A look at the day ahead in European and global markets from Ankur Banerjee With less than 24 hours left until U.S. President Donald Trump unveils his reciprocal tariff plans to a nervous world, market moves have slowed to a crawl as investors hunker down and minimise their risk ahead of a likely volatile reaction….
Major US stock indices fell on Tuesday when the tariffs announced by US President Donald Trump on Canada, Mexico and China came into effect. On top of all this, a trade group representing nearly all major automakers warned that the new 25% tariffs on imports from Canada and Mexico imposed by Trump will lead to…
Gold prices remained steady on Friday, on track for their eighth straight weekly gain, supported by safe-haven inflows on concerns over U.S. President Donald Trump’s tariff threats. Due to safe-haven inflows prompted by worries over U.S. President Donald Trump’s tariff threats, gold prices held steady on Friday and are on course for their eighth consecutive…
Gold prices have pushed to fresh records and have topped $2,900 for the first time (DAVID GRAY) Asian markets were mixed Tuesday following the previous day’s global rally as traders keep a nervous eye on Donald Trump’s next moves after he signed off on 25 percent tariffs for steel and alumium imports, having warned of…