Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, a move a senator confirmed on Thursday despite fears it could violate European Union regulations. Lucio Malan, a Senator from Prime Minister Giorgia Meloni’s Brothers of Italy party, stated on Radio 24
Gold prices were volatile on Tuesday, with traders anticipating another rate cut by the US Federal Reserve next month. But, prices fell at the time of writing as the US producer price index, a key indicator of consumer price inflation, rose 0.3% from the previous figure, boosting the dollar index. Meanwhile, oil prices slipped more
Global technology, geopolitical tensions, and economic market shifts dominated the news cycle as developments unfolded across AI, international security, and financial markets. OpenAI is forecasting a sharp expansion in paid ChatGPT users, Taiwan is preparing a significant defence spending increase amid rising pressure from Beijing, negotiations toward a potential Russia–Ukraine peace agreement progressed, and Asian
Gold prices fell on Monday due to a stronger dollar against a basket of major currencies. Silver prices also declined slightly as the dollar strengthened and weighed on sentiment. Meanwhile, oil prices also fell earlier in the day before stabilising somewhat. Oil prices had experienced steep losses last week due to growing optimism over a
The global liquidity cycle is entering a decisive contraction phase, raising the risk of a prolonged downturn in equity markets, according to veteran strategist Michael Howell. Speaking on the MacroVoices podcast, Howell, chief executive of London-based CrossBorder Capital, said liquidity conditions are deteriorating rapidly, ending what he describes as a speculative bubble in US stocks.
After having spent most of the day in the red, gold prices rebounded due to renewed expectations of a December interest rate cut by the Federal Reserve. On the other hand, silver prices dipped nearly 2%, but hopes for a rate cut limited losses. Oil prices fell, and were set for a weekly decline as
Gold prices were largely unchanged on Thursday, even as the dollar strengthened against a basket of major currencies. Prices had fallen 1% earlier on Thursday, but the yellow metal recovered somewhat as the day progressed. Meanwhile, silver prices were largely unchanged from the previous close after falling sharply earlier in the day. On the other
Physical gold demand across major Asian markets remained notably weak this week, a direct consequence of pronounced volatility in international gold prices. This instability created a climate of uncertainty that deterred potential buyers, who opted to postpone significant purchases in anticipation of a clearer price direction. Specifically, the sharp fluctuations in spot gold rates made
Oil prices fell sharply on Wednesday due to oversupply concerns and rising inventories in the US. Meanwhile, gold and silver were higher ahead of the release of key US economic data. Base metal prices were also higher ahead of key economic indicators from the US, which is likely to pave the way for the Federal
Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the