Gold prices soared past the critical $3,000 (Rs 2.6 lakh) mark on Tuesday, reaching an all-time high of $3,005.09 per ounce for the second time in a week. The surge comes as investors seek refuge from escalating economic uncertainties driven by U.S. President Donald Trump’s tariff policies. Historically regarded as a safe-haven asset during geopolitical…
The financial markets started the week on a volatile note as oil prices surged, U.S. stock futures declined, and Asian markets saw significant gains. Investors are closely monitoring global economic conditions, particularly as key central banks, including the U.S. Federal Reserve, are set to hold policy meetings this week. Oil prices spiked on Monday following…
The United States has urged South Korea to open its markets further, particularly in the agriculture and technology sectors, according to South Korea’s Trade Minister, Cheong In-kyo. The call for improved access comes as trade relations between the two allies face increasing scrutiny, with potential tariffs looming on the horizon. Cheong, who recently returned from…
Gold prices soared past the $3,000 mark for the first time ever on Friday, as escalating trade tensions under President Donald Trump’s administration fueled demand for safe-haven assets. Meanwhile, stock markets rallied following growing optimism that US lawmakers would successfully prevent a government shutdown. Investors turned to gold as a hedge against economic uncertainty, pushing…
The U.S. government is now one of the largest holders of Bitcoin, with a staggering 195,234 BTC in its possession—valued at over $16 billion, according to a recent report from Nansen. In addition to Bitcoin, the government’s crypto portfolio includes approximately $4.6 million worth of Ethereum (ETH), various stablecoins such as USDC, and yield-generating assets…
Bitcoin’s market outlook is showing signs of improvement as stablecoin liquidity surges, with Tether (USDT) leading the charge. Over the past 60 days, USDT’s market capitalization has expanded by $5.75 billion, significantly surpassing its 60-day simple moving average of $3.46 billion, according to a March 13 post by CryptoQuant on X. The broader stablecoin market…
Gold prices soared to an all-time high on Thursday as escalating trade tensions between the United States and the European Union rattled global markets. The surge came after U.S. President Donald Trump issued fresh threats to impose steep tariffs on European alcoholic beverages, including champagne and wine. The renewed uncertainty in international trade prompted investors…
Oil prices edged lower on Thursday after a strong rally the previous day, as fears over escalating trade tensions and their potential impact on global economic growth outweighed bullish inventory data from the United States. Brent crude futures slipped by 7 cents (0.1%) to $70.88 per barrel by 0107 GMT, while U.S. West Texas Intermediate…
The trade dispute between the United States and Canada has intensified as former U.S. President Donald Trump announced a sharp increase in tariffs on Canadian steel and aluminum. The tariffs, originally set at 25%, will now be doubled to 50% in response to Ontario’s 25% surcharge on electricity exports to several U.S. states. In a…
The European Union is set to retaliate against the United States’ sweeping tariffs on steel and aluminum by imposing countermeasures worth 26 billion euros ($28 billion) on American goods. The European Commission announced on Wednesday that these tariffs will take effect next month, escalating global trade tensions. While the EU remains open to negotiations, Commission…
