Gold is trading higher than 1.5%, while silver is up more than 3% at the start of the European session on Monday, January 19th, the opening session of the week. Both currencies reached new record highs as trade tensions between the United States and the European Union over Greenland escalated, driving demand for safe-haven assets. Gold is trading up approximately...
China's gross domestic product (GDP), the world's second-largest economy, grew by approximately 4.5% year-on-year in the fourth and final quarter of last year, ending in December, according to data released by the National Bureau of Statistics on Monday morning, January 19. This compares to 4.8% growth in the third quarter and matches market expectations, marking the slowest growth rate in...
Crude oil prices fell by more than 4% in midday trading on Thursday, January 15, ending a five-session winning streak. This decline followed comments from US President Donald Trump, who eased market concerns about Iranian oil supplies, and the largest increase in US crude oil inventories since November. US crude (WTI) fell by approximately 4.21%, trading at $59.42 per barrel,...
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) grew by 0.3% in November, following a 0.1% decline in October. This figure exceeded expectations and also showed growth of 0.1% in the three months to November. The services sector, which accounts for more than 70% of the UK economy, grew by...
Data released moments ago by the US Census Bureau shows that US retail sales rose in November at a pace exceeding market expectations, reaching $735.9 billion. This follows a revised 0.6% decline in October (expectations were for a 0.5% drop), and represents a 3.3% year-over-year increase compared to November 2024. Core sales, excluding autos, rose 0.5% in November, compared to...
Cryptocurrencies traded higher in midday trading on Wednesday, January 14th, with Bitcoin reclaiming the $95,000 level for the first time since [date missing]. This surge was fueled by slowing inflation in the United States in December, heightened political uncertainty, the ongoing conflict between the US president and the Federal Reserve chairman, and increased institutional demand for cryptocurrencies, coinciding with a...
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose 0.3% in December, unchanged from November and in line with expectations. The core CPI, which excludes food and energy prices, rose 0.2%, falling short of the anticipated 0.3% increase. The year-over-year CPI remained unchanged at 2.7%, matching November's...
Crude oil prices rose by more than 1.5% in midday European trading on Tuesday, January 13, marking their fourth consecutive session of gains and reaching their highest levels since November. This surge was fueled by escalating geopolitical tensions and supply disruptions, while markets awaited preliminary inventory figures from the American Petroleum Institute later in the day. US crude (WTI) climbed...
Major US stock indices opened lower on Monday, January 12, the first trading day of the week, amid growing concerns about the central bank's independence following escalating tensions between the US president and the Federal Reserve chairman. Markets were also awaiting the release of fourth-quarter earnings reports from companies and institutions. Risk appetite waned at the start of the week...
Gold and silver traded at record highs in the middle of the European session on Monday, January 12, the opening session of the week, as the US dollar weakened significantly. The dollar's decline was driven by escalating tensions and statements between US President Donald Trump and Federal Reserve Chairman Jerome Powell, which boosted demand for safe-haven assets. Gold was trading...