Reuters

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Reuters

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Gold demand up 1% in 2024, to remain supported by economic uncertainty, World Gold Council says

LONDON, Feb 5 (Reuters) - Global gold demand including over-the-counter (OTC) trading rose by 1% to a record high of 4,974.5 metric tons in 2024 as investment increased, the World Gold Council (WGC) said on Wednesday, adding that central banks sped up buying in the fourth quarter.

4 hours ago

TSX futures rise as safe-haven demand boosts gold prices

Feb 5 (Reuters) - Futures tied to Canada's main stock index rose on Wednesday as gold prices gained due to higher demand in light of the escalating U.S.-China trade war.March futures on the S&P/TSX index were up 0.2% at 6:35 a.m. ET (1125 GMT).Gold prices rose about 1% to a record high, continuing their upward trend due to safe-haven demand and a weaker dollar. Silver prices also increased.

4 hours ago

Mining

Trump or BRICS? The quandary for Africa's miners and governments

CAPE TOWN, Feb 5 (Reuters) - Beyond the short-term volatility and uncertainty created by U.S. President Donald Trump's tariff machinations, it's likely that the longer-term trend of the world splitting into two trading blocs is accelerating.

4 hours ago

Mining

Mali's new mines law needs review to win back investors, gold mine CEOs say

CAPE TOWN, Feb 4 (Reuters) - A new mining law in Mali that raises taxes and seeks to hand over big stakes in assets to the state and local investors will need to be loosened up if gold companies are to invest in new projects there, company CEOs told Reuters.

4 hours ago

Fed leaning toward more rate cuts amid uncertainty, Barkin says

4 hours ago

Dollar slides as trade war risk recedes, yen rallies

LONDON, Feb 5 (Reuters) - The U.S. dollar fell to its lowest in more than a week on Wednesday as investor nerves about a global trade war abated, while the Japanese yen rallied on the back of strong wage data.The dollar index, which tracks the currency against six peers , was last down 0.49% at 107.52, having touched its lowest since Jan. 24 at 107.37 earlier in the European session.As U.S. President Donald Trump looked set on Monday to impose 25% import tariffs on Mexico and Canada, the dollar jumped as much as 1.3% to 109.88.

4 hours ago

US-China trade war spurs record-breaking rally in gold

Feb 5 (Reuters) - Gold prices climbed 1% on Wednesday, continuing their record rally as investors sought the safe-haven asset due to concerns about the escalating U.S.-China trade war and its impact on economic growth.The spotlight was also on U.S. jobs data this week, which could shed further clues on the path of interest rates in the world's largest economy.Spot gold was up 0.9% at $2,868.48 per ounce by 1221 GMT, after hitting a record high of $2,877 earlier in the session. U.S. gold futures gained 0.6% to $2,892.20 per ounce.

4 hours ago

Europe steps out from US shadow in 2025, but for how long?

MILAN, Feb 5 (Reuters) - European stocks have staged their best performance in a decade against Wall Street in the first six weeks of 2025, but hopes among some they can finally end years of underperformance could yet be dashed by long-standing structural challenges.Seizing on extreme company valuation gaps, investors are piling into European equities, eyeing several potential catalysts that might mean this rally is different from those before, which have typically fizzled fairly quickly.

4 hours ago

Gold

Gold market analysis for February 5 - key intra-day price entry levels for active traders

(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.

5 hours ago

US futures knocked by Alphabet earnings; gold strikes record

SYDNEY/LONDON, Feb 5 (Reuters) - U.S. stock futures fell on Wednesday after disappointing earnings from Alphabet, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike.Investors shrugged off comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip and develop it economically.The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar.

5 hours ago

US Treasury Secretary affirms US-EU economic relationship in call with ECB's Lagarde

Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent affirmed the importance of the U.S.-EU economic relationship and transatlantic cooperation in an introductory call with European Central Bank President Christine Lagarde, the Treasury Department said on Tuesday.Bessent and Lagarde discussed shared economic priorities and key policy areas of mutual interest, the Treasury Department said in a statement.

Feb 04, 2025 - 6:39 PM

Trump in no hurry to talk to Xi amid new tariff war

WASHINGTON/BEIJING, Feb 4 (Reuters) - U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.China imposed targeted tariffs on U.S. imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to Trump's tariffs.

Feb 04, 2025 - 4:27 PM

Reuters

Latest

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Dollar slides as trade war risk recedes, yen rallies

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Fed leaning toward more rate cuts amid uncertainty, Barkin says

US services sector cools in January; price pressures abate

Canada's services PMI shows activity shrinking in January

Gold demand in India to cool in 2025 as prices soar, WGC says

Gold demand up 1% in 2024, to remain supported by economic uncertainty, World Gold Council says

TSX futures rise as safe-haven demand boosts gold prices

Trump or BRICS? The quandary for Africa's miners and governments

Mali's new mines law needs review to win back investors, gold mine CEOs say

Fed leaning toward more rate cuts amid uncertainty, Barkin says

Dollar slides as trade war risk recedes, yen rallies

US-China trade war spurs record-breaking rally in gold

Europe steps out from US shadow in 2025, but for how long?

Gold market analysis for February 5 - key intra-day price entry levels for active traders

US futures knocked by Alphabet earnings; gold strikes record

US Treasury Secretary affirms US-EU economic relationship in call with ECB's Lagarde

Trump in no hurry to talk to Xi amid new tariff war

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