Gold prices may reach new peaks, driven by potential US Federal Reserve rate cuts, ongoing central bank acquisitions, and increased ETF investments, according to ING Group.The bank has revised upwards its forecast for gold prices this year as the precious metal remains in demand. ForecastsGold has emerged as a top-performing major…
Higher prices dampened physical gold demand in major Asian centres this week, while also prompting some investors to sell off their holdings.“Buyers aren’t keen on picking up gold at these prices. In fact, some investors are offloading the coins and bars they grabbed when prices were lower,” Ashok Jain, proprietor…
For nearly two years, Israel has been fighting on multiple fronts. Gaza, Hezbollah, Iran, and, more recently, facing missile threats from Yemen.Yet its economy has delivered some of the strongest stock market gains in the world, attracted billions in foreign investment, and kept its currency among the best performers globally.…
China’s soybean imports surged in July, increasing 18% year-on-year to 11.7 million tons, though current US involvement in the supply chain remains limited due to seasonal factors and persistent tariffs. As the world’s largest soybean importer, China’s demand dynamics are closely watched, with analysts suggesting US exporters face hurdles unless trade…
£220 for one night in a windowless tiny box in an EasyHotel on Princes Street in Edinburgh—yes, you read that right. As someone who has lived a better part of his adult life in Mumbai—a city renowned for its tiny apartments and traffic-clogged lanes—even I found that room a bit…
SovEcon has reduced its projection for Russian wheat production by 300,000 metric tons, bringing the new forecast to 83.3 million metric tons. In the preceding year, Russia’s wheat harvest amounted to 82.6 million metric tons (mmt). The current year’s production forecast has been significantly revised downward due to deterioration in crop conditions…
Brazil’s Eletrobras (ELET3; ELET6) shares rose on Thursday (August 7), even though the business recorded a significant loss for the second quarter and declared a multibillion-real dividend.According to local media outlet E-Investidor, at 11:10 a.m. Brasília time, common shares (ELET3) were up 7%, while class B preferred shares (ELET6) increased…
The US is bracing for a major spike in tariff revenue, with Commerce Secretary Howard Lutnick estimating monthly collections could hit $50 billion.That’s a big jump from last month’s $30 billion haul, driven by a sweeping set of new import duties introduced by the Trump administration.The tariffs raise the average…
Goldman Sachs analyst Asad Haider says investors are overreacting to the late-stage data Eli Lilly & Co (NYSE: LLY) reported for its experimental oral obesity pill, orforglipron, on Thursday.Lilly reported blockbuster results for the second quarter and raised its full-year guidance on August 7th.Still, the healthcare stock tumbled after management…
Asian stock markets rose on Friday, with a powerful rally in Japanese shares leading the way, as investors reacted positively to signs of easing trade tensions between Japan and the United States. While technology stocks also gained on strong earnings, a more cautious mood prevailed elsewhere, with Indian benchmarks like…