The recent surge in gold and silver prices is expected to continue, according to renowned investor Peter Schiff from Euro Pacific Asset Management, who predicts further gains for both metals amid a weakening U.S. dollar and shifting global monetary trends. When asked about the current gold rally, Schiff responded that gold’s upward trajectory is likely […]
The FTSE 100 closed at a fresh record high on a day of whipsawing global markets, as a strengthening US dollar offset sharp falls in commodities including gold, silver and oil. London’s blue-chip index finished up 118.02 points, or 1.15 per cent, at 10,341.56, reversing an early European sell-off and setting a new closing peak. […]
Stocks dropped and precious metals deepened their losses on Monday, underscoring the fragile sentiment in markets after a choppy end to the week on Wall Street. The yen weakened. Asian shares fell 0.5% and Nasdaq 100 Index futures tumbled as much as 1%. The dollar strengthened against most of its Group-of-10 peers, especially against the […]
The dollar was poised for a second straight weekly decline on Friday as tariff threats against countries trading with Cuba added to global tensions that have sapped demand for U.S. assets. The White House said that President Donald Trump signed an executive order that would impose tariffs on countries that provide oil to Cuba, adding […]
Sterling has surged to $1.38 against the US dollar, its strongest level since October 2021, as a combination of US economic disruption, shifting interest rate expectations and geopolitical uncertainty weakens the greenback. Currency analysts said the move has been driven more by dollar softness than by a sudden strengthening of the pound, creating what some […]
The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses. The rupee ended at 91.7825 per dollar, 0.1% down from its close at 91.72 in the previous session. The […]
Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision. Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling a record […]
Jan 27 (Reuters) – The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday. The weakness was exacerbated by President Donald Trump saying the dollar’s value was “great”, when asked whether he thought it had declined too much. Here are some trader and investor quotes on the […]