Gold surged to record highs, defying the strong dollar, while global stocks dipped as investors remained cautious ahead of the U.S. election. With rising U.S. Treasury yields and potential market volatility, attention turns to the economic impact of election outcomes.
Gold prices reached record highs on Wednesday, defying the dollar's strength, which has pressured both the yen and the euro. Meanwhile, global stock markets dipped as investors hesitated to make significant moves ahead of the upcoming U.S. election in two weeks.
Recent U.S. economic data has suggested continued growth, leading investors to reconsider the extent to which the Federal Reserve may cut interest rates.
U.S. Treasuries have faced declines, resulting in three-month high yields, driving the dollar to multi-month peaks against the euro, pound, and yen, which is now trading at around 150 per dollar, prompting caution from Japanese officials.
Despite the slight downturn in stocks, the market remains close to record highs, indicating that investors are currently optimistic about the economy and corporate earnings. The MSCI All-World Index was down 0.1%, mirroring similar declines in Europe and U.S. futures.
With the election just weeks away, market volatility is anticipated. Betting odds have recently shifted in favor of Donald Trump over Kamala Harris, though opinion polls indicate a tightly contested race. Investors are particularly attentive to the potential impact of another Trump presidency, especially his proposed tariffs and immigration restrictions, which could drive inflation higher.
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Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
On 2 September, spot gold briefly broke through the historic threshold of $3,500 an ounce, before settling just under that level at $3,494. This rally not only eclipsed the previous peak set in April but also cemented gold’s position as one of the best-performing assets of 2025.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Apple’s latest smartphone, the iPhone Air, sold out within minutes of its launch in China on Friday, highlighting the brand’s enduring appeal among Chinese consumers despite growing competition from local Android makers.
Wall Street closed lower on Thursday as renewed concerns about regional banks and intensifying U.S.-China trade tensions weighed on investor sentiment, pulling major indexes off recent record highs.
Giorgio Armani's deputy managing director, Giuseppe Marsocci, is set to be appointed chief executive of the Italian fashion house, a source said on Thursday, confirming a local media report.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
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