UBS has boosted its gold price target to $6,200 per ounce for March, June, and September 2026, up from $5,000, citing stronger-than-expected demand driven by surging investment flows and central bank purchases. The upgrade comes as spot gold surged to a record $5,594.82 on Thursday, extending a stunning......
Microsoft's market capitalization plunged by $357 billion on Thursday, securing the second-largest one-day loss in stock market history. Investors punished the tech giant over slowing cloud growth and rising doubts about the returns from its massive artificial intelligence investments. The stock......
Gold prices continued to retreat on Friday as investors moved to lock in profits following the precious metal’s sharp rally earlier in the week. After reaching unprecedented levels, the market shifted into correction mode, triggering a notable pullback. In early trading, the price of gold dropped......
The U.S. Treasury labeled China's yuan "largely undervalued" on Thursday and urged Beijing to let it appreciate, toughening its tone in the semiannual currency report while stopping short of naming China a currency manipulator. The assessment cites China's "extremely large and......
Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......
Gold and silver prices plunged from record highs on Thursday in one of the most volatile trading sessions in over a decade. The precious metal saw a staggering swing of nearly $500 per ounce, wiping out roughly $3.4 trillion in market capitalization before a partial recovery. This marked the largest......
European stock markets climbed Thursday, fueled by soaring precious metals prices that propelled mining shares higher, even as technology stocks faced headwinds from disappointing results at SAP. London's FTSE 100 rose 0.6% to 10,217.40 points by midday, while the pan-European STOXX 600 gained 0.4%......
The Dutch pension fund PME, overseeing 60 billion euros in retirement savings for metal and technology sector workers, revealed plans on Thursday to ramp up investments in European assets and significantly cut back on US exposure. PME leaders declared that the United States is no longer the dependable......
Chancellor Friedrich Merz expressed concern Wednesday over the weakening US dollar, calling it a "considerable additional burden for German exporting industry." He urged Washington to honor its trade commitments with the European Union. "We will have to assert ourselves globally against......
Silver surged to a historic peak of $119 per ounce on January 29, fueled by the Federal Reserve's decision to hold interest rates steady. The metal's parabolic climb has sparked stark warnings from market veterans drawing parallels to past speculative manias. Former JPMorgan chief strategist......
Global economic power in 2026 remains highly concentrated, with a handful of countries accounting for a large share of worldwide output. According to international economic projections, total global gross domestic product (GDP) is expected to reach approximately 123.6 trillion dollars, reflecting steady......
U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management......
Former U.S. president Donald Trump announced that several South Korean products will now face tariffs of up to 25%, citing delays by the South Korean Parliament in ratifying a bilateral trade agreement. The decision marks a new escalation in trade tensions between Washington and Seoul. In a statement......
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