Trump claims to have ended seven wars, says he deserves Nobel Prize
U.S. President Donald Trump told the UN General Assembly on Tuesday that he ended seven long-running conflicts in just seven months and insisted “ev...
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
Spot gold rose 0.5% to $3,290 per ounce by 06:13 GMT, recovering from its lowest point since 29 May earlier in the session. U.S. gold futures also gained 0.4%, reaching $3,301.
Market sentiment was buoyed by easing trade friction between the U.S. and China, as well as improving geopolitical conditions. This shift boosted risk appetite and lifted global equities, while weighing on the dollar, which fell 0.3%. A softer dollar typically supports gold by making it cheaper for buyers using other currencies.
“There is less of a ‘doom and gloom’ outlook surrounding both tariff talks and events in the Middle East, which is relegating gold to play second fiddle to risk assets,” said Tim Waterer, Chief Market Analyst at KCM Trade.
Asian stock markets strengthened, and Wall Street futures pointed higher as traders responded to diplomatic progress. U.S. Treasury Secretary Scott Bessent on Friday cited key breakthroughs in negotiations over rare earth shipments from China and said several trade deals could be finalized by the 1 September Labor Day deadline.
In a related development, Canada rescinded its planned digital services tax on U.S. tech companies just hours before implementation, a move aimed at reviving stalled trade talks with Washington.
Meanwhile, a ceasefire between Iran and Israel appeared to be holding after 12 days of conflict, contributing to the broader decline in safe-haven demand.
Waterer noted that while gold found support from a weakening dollar, the $3,250 level remains a key technical threshold.
“Any breach of this level could see losses accelerate towards the $3,200 level,” he added.
Gold’s performance continues to be weighed by stable global conditions and a high-interest-rate environment, which dulls the appeal of non-yielding assets like bullion.
In other precious metals, spot silver gained 0.5% to $36.16 per ounce, platinum rose 2% to $1,366.63, and palladium increased 1.6% to $1,151.36.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Semiconductor shares from Asia to Europe rose sharply on Tuesday after Nvidia unveiled a $100 billion partnership with OpenAI to build massive Artificial Intelligence (AI) systems requiring millions of processors.
Porsche (P911_p.DE) saw its shares fall by 7.5% by late morning on Monday after the carmaker scaled back its electric vehicle rollout and lowered its forecast, following a costly strategic reversal driven by weak demand.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
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