Asian stocks rebounded after suffering their biggest one-day drop since April, following sharp swings in gold and silver prices that rattled other asset prices. The market then stabilized. Precious metal prices rose in early trading. The MSCI Asia Pacific Index rose more than 1.5%, with technology stocks leading the gains. South Korea’s stock market, a […]
After suffering its biggest drop in more than a decade on Friday, gold’s decline continued, and the price of silver also fell further, reversing the record-breaking rally that had seemed to rise too fast and too far. Spot gold prices once dropped by 8%, and currently have fallen by nearly one fifth from the record […]
It is reported that US President Donald Trump is preparing to nominate Kevin Warsh as the next chairperson of the Federal Reserve. Boosted by this news, both the US dollar and US Treasury bond yields have strengthened. The yield on the 10-year U.S. Treasury note rose 3 basis points and that on the 30-year note […]
Gold prices soared to a record high above $5,500 per ounce, continuing the rapid rally driven by the weakening of the US dollar and investors’ selling of sovereign bonds and currencies. Gold prices rose by as much as 3.2%, extending the 4.6% gain from the previous trading day – the biggest one-day increase since the […]
When asked in Iowa on Tuesday whether he was worried about the depreciation of the US dollar, Trump told reporters, “No, I think it’s great. I think the value of the dollar – look at the business we’re doing. The dollar is doing great.” Trump hinted that he could manipulate the US dollar exchange rate, […]
As the campaign for the snap general election on Tuesday kicks off, Japanese investors are bracing for greater volatility in the bond market, the risk of government intervention in the foreign exchange market and frequent fluctuations in stock prices. After concerns over the government’s generous spending triggered a bond market crash, causing investors to suffer […]
The price of gold has broken through the $5,000-per-ounce mark for the first time, continuing its rapid rise driven by US President Donald Trump’s efforts to reshape international relations and investors’ selling of sovereign bonds and currencies. Gold prices climbed to around $5,040 per ounce, with gains of more than 8% last week. Geopolitical risks […]
US President Donald Trump said that Venezuela will hand over as many as 50 million barrels of oil to the United States and announced that the oil will be sold and the proceeds will benefit both countries. Trump posted on social media: “I am pleased to announce that the interim authorities of Venezuela will transfer […]
Oil prices have stabilized after posting their biggest gain in nearly a week as traders weigh the outlook for Venezuela, while concerns over a global supply glut remain. Brent crude oil prices approached $62 per barrel, after closing up 1.7% in the previous trading day, as news of the US military’s capture of a Venezuelan […]
Copper prices soared to a record high as concerns over tight supply at the start of the new year and a rise in overall market risk appetite took hold. London benchmark crude oil futures rose by about 3%, approaching the high point of just under $13,000 per tonne reached last week. Concerns over possible US […]