Traders work on the floor of the New York Stock Exchange on April 1, 2024. Brendan Mcdermid | Reuters U.S. stock futures rose on Monday, rebounding from last week’s sell-off following strong Goldman Sachs earnings and hopes that the conflict in the Middle East won’t further escalate. Futures tied to the Dow Jones Industrial Average … Read more
Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Monday as traders weighed the impact of Iran’s massive drone and missile attacks on Israel over the weekend, with focus also on key … Read more
Oil production in Azerbaijan Vostok | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Weak quarterly kickoffJapan … Read more
Geopolitical and structural factors have put gold on course to hit $2,600 per ounce within a year, according to one market veteran. The precious metal has hit successive record highs this year, including another on Thursday when spot gold broke above $2,300 before easing slightly. Early Friday it was trading around $2278 per ounce. The … Read more
Oil production in Azerbaijan Vostok | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Weak quarterly kickoffU.S. … Read more
Gold bars and coins. Brightstars | E+ | Getty Images Gold prices extended their rally and scaled to another record high on Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. gold futures rose more than … Read more
Andriy Onufriyenko | Moment | Getty Images One helpful way to think about the recent gold rally: it’s a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. As a result, prospective buyers should proceed with caution, experts say. Be prepared to root against your … Read more
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at … Read more
An employee puts gold bullions into a safe deposit box at a Degussa shop in Singapore. Edgar Su | Reuters Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. The gold contract for April gained $30.60, … Read more
Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more
