Gold is no longer just a defensive asset, says John Reade from the World Gold Council. Reade, senior market strategist, EMEA, says the role of gold is being re-evaluated as a strategic asset as rules are perceived to have changed following the inauguration of Donald Trump as US president. In this Q&A with FT Adviser
Canada is maintaining 25% retaliatory tariffs on US precious metals imports in response to American trade actions, severely disrupting cross-border precious metals trade. The countermeasures, launched in March after the United States imposed tariffs on Canadian products, have caused American precious metals imports to Canada to drop 70% in their first month, while Canadian exports
Global market volatility is seeing fund houses increase their allocations to the safe haven asset class of gold. Max Belmont, portfolio manager at First Eagle Investments, said in the wake of Trump’s tariffs the firm has increased its gold allocation. Belmont said an allocation to the precious metal is always a strategic allocation in the
The past four months of Donald Trump’s second presidency in the US was nothing less than a roller-coaster ride for global trade as he managed to bully and bring its trading partners around the negotiating table and dictate the terms. India, the first country to engage in a bilateral trade with the US, has now
May 12, 2025 11:12 AM IST US Stock Market Live: Asian Pharma Stocks Tumble Shares of Asian pharmaceutical companies fell after US President Donald Trump said he planned to order a cut in US prescription drug costs to bring them in line with other countries. Drugmakers were the worst-performing sector in Japan on Monday, dragging
May 12, 2025 10:02 AM IST US Stock Market Live: Analysts Say Euro Rally Is Just Beginning For more than a decade, the flow of transatlantic capital moved in one direction, powering the ascent of an unstoppable dollar and leaving the euro far behind. Now, the biggest investors say the tide may be turning. With
US Stock Market Live: Futures on Wall Street have seen a sharp surge on Sunday evening US time, after the Trump administration and China, both cited “substantial progress” on trade talks that took place over the weekend in Geneva, Switzerland. The Dow futures are up 440 points, while the S&P 500 and Nasdaq futures are
US Stock Market Live: Futures on Wall Street have seen a sharp surge on Sunday evening US time, after the Trump administration and China, both cited “substantial progress” on trade talks that took place over the weekend in Geneva, Switzerland. The Dow futures are up 440 points, while the S&P 500 and Nasdaq futures are
US Stock Market Highlights: The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%, to close at 41,249.38. The S&P 500 edged down 0.07% to end at 5,659.91, while the Nasdaq
US Stock Market LIVE: US stocks are rallying on Thursday (May 8) after the United States and United Kingdom announced a deal on trade that would lower some tariffs and restrictions between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy. The