XAU/USD Current price: $3,394.10 US Treasury Secretary Scott Bessent sees a de-escalation of tensions with China. A better mood pushed Gold sharply lower after the bright metal reached fresh record highs. XAU/USD edges sharply lower after reaching record highs, corrective decline may continue. Gold hit $3,500 a troy ounce on Tuesday, yet another record high.
Chinese investors have been flocking to exchange-traded funds (ETFs) tracking the price of gold, hoping to take advantage of the precious metal’s world-beating rally as stocks remain in the doldrums amid a tariff war. The 13 mainland-domiciled gold ETFs have attracted new subscriptions of at least 7.9 billion units so far this year, according to
Analyst firm foresees a ‘much weaker outlook for short-term investment in new technology projects’ Image: IDC: Tariffs will raise tech prices and cause ‘significant disruption’ to supply chains The US government’s tariffs will directly increase technology prices and cause significant supply chain disruptions, particularly for devices, compute, storage and network hardware, according to analyst firm
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
US stock futures fell on Wednesday after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump’s trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.01%. Futures attached to the benchmark S&P 500 (ES=F) fell 0.5%. Futures attached to the tech-heavy Nasdaq
US stock futures fell after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump’s trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slumped 0.8%. Futures attached to the benchmark S&P 500 (ES=F) sank 1.4%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F)
Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products with the reduction leading to a $5.5 billion hit to the
US Stock Market Live: Futures on the Dow Jones are currently up 90 points, while those on the S&P 500 and Nasdaq are also trading above the flat line. The flip flop over tariffs continued as US President Donald Trump announced an exemption of smartphones and computers and other devices and components like semiconductors from
US Stock Market Live: Futures on Wall Street have opened lower after market closing on Monday. After a volatile session, the Dow Jones eventually did end 300 points higher, taking its two-day advance to 1,000 points. The S&P 500 and Nasdaq also ended higher led by a recovery in tech shares. Futures on the Dow