Gold prices climbed while silver experienced sharp swings on Friday amid a global stock market rout and increased margin requirements by CME for precious metals. Spot gold surged 2.3% to $4,879.45 per ounce by 05:52 GMT, marking a modest 0.3% gain for the week. Meanwhile, US gold futures for April delivery added 0.2% to $4,897.20 […]
global stocks
Stocks stabilize as bitcoin and bonds regain footing
Global stocks made small gains on Tuesday, while government bonds and cryptocurrencies steadied after recent volatility. Wall Street and Asian markets recovered slightly following Monday’s sell-off caused by Japan’s looming interest rate hike. Bitcoin inched up after sharp losses, though it remains 30% below its October peak. The Japanese government bond market calmed after a […]
Oil prices tumble on demand worries as global stocks mostly rise
Oil prices tumbled on demand worries Wednesday while global equities mostly rose as US-China tensions receded somewhat after House Speaker Nancy Pelosi’s trip to Taiwan. The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia, to undertake just a small increase in production. The OPEC+ […]