ADVERTISEMENT European stocks rose on Wednesday morning after a string of strong corporate results a day earlier, while equities were also boosted by remarks from Federal Reserve Chair Jerome Powell. In Philadelphia on Tuesday, Powell suggested that another interest rate cut could come later this month in the US. In Europe, shares in Netherlands-headquartered ASML,…
Financial markets suffered a rerun of their swoon in April, when “Liberation Day” tariffs shocked global investors, signaling that his latest China duties may end up hurting the U.S. more than their intended target. On Friday, President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software,…
Gold futures broke $4,000 per ounce for the first time this week — a historic high that, for some, signals more than market jitters. It may reflect a deeper collapse of confidence in the American-led global financial system. The precious metal has surged more than 50 percent since January, driven by a rare convergence of…
More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the country’s National Day “golden week” holiday, official data has shown, but a sector representative said tourists’ spending power remained weak despite the increased numbers. According to the latest figures from the Immigration Department, the number of inbound trips made by…
Gold crossed the $4,000-per-ounce line this week; with nearly three months to go, the price is up 51% this year — the biggest jump since it soared 126% in 1979, deep in the depths of Jimmy Carter’s stagflation, gas lines and foreign-policy disasters. In other words, gold spikes historically indicate investor panic; the metal’s seen…
2025-10-08T15:24:53Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Gold prices hit a…
Gold (GC=F) climbed to new records on Wednesday as silver (SI=F) and bitcoin (BTC-USD) continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have dubbed the “debasement trade.” Gold futures blew past $4,060 per troy ounce to touch a…
Gold broke above $4,000 for the first time on Wednesday (DAVID GRAY) Gold prices broke $4,000 for the first time Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown. The rally in the precious metal also came after concerns that a tech-fuelled rally…
Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for haven assets like gold. The Hang Seng Index declined 0.7 per cent to 26,944.34 as of 11am local time, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.5…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…