Gold remains stable after hitting a record high, fueled by economic concerns and geopolitical tensions. Investors await Fed updates.
Gold prices remained stable on Monday following a historic surge last week, driven by global geopolitical tensions and economic uncertainty. Spot gold was flat at $2,983.09 per ounce as of 0518 GMT, after hitting an all-time high of $3,004.86 on Friday. Meanwhile, U.S. gold futures dipped slightly by 0.3% to $2,992.30.
Analysts attribute gold’s strong momentum to stagflation concerns, heightened by inflationary pressures and fears of a potential U.S. recession. Kelvin Wong, senior market analyst at OANDA, noted that gold’s short-term outlook remains bullish, with resistance levels at $3,016 and $3,030.
Market uncertainty has been fuelled by concerns over U.S. tariffs, which have impacted consumer sentiment, alongside ongoing geopolitical tensions in the Middle East and Ukraine. However, a potential breakthrough in diplomatic efforts emerged as Donald Trump announced plans to discuss a ceasefire with Russian President Vladimir Putin.
Investors are now focused on the U.S. Federal Reserve’s upcoming monetary policy meeting, with Chair Jerome Powell’s comments on inflation and trade policies expected to influence gold’s trajectory. Gold has already gained 14% in 2025, reinforcing its status as a hedge against economic instability.
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
Tesco is set to respond to Asda’s price-cutting strategy as it reports full-year results. While Asda aims to reclaim market share with lower prices, analysts question its sustainability. Tesco, with a strong balance sheet, expects steady growth despite rising costs.
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
Russian drone strikes targeted the Ukrainian cities of Kharkiv and Dnipro late Tuesday, killing at least one person and injuring around 50 others, according to local officials.
A satellite developed by British scientists and engineers is poised to become the world’s first to capture three-dimensional measurements of Earth’s forests from space.
Operation in Iran’s Shahid Rajaei Port in the southern city of Bandar Abbas is back to normal after firefighters put off the deadly fire which broke out on Saturday, customs authorities said.
Germany’s Social Democratic Party (SPD) has approved a coalition agreement with the conservative Christian Democrats (CDU/CSU), securing the final step needed to form a new government under Chancellor-designate Friedrich Merz.
Political directors from France, Britain, and Germany are scheduled to meet with Iranian officials in Rome on Friday, according to two diplomatic sources who confirmed the meeting to Reuters.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
North Korea has launched a new 5,000-tonne destroyer as part of Kim Jong Un’s plans to expand the country’s naval power far beyond its coastal waters.
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Russian drone strikes targeted the Ukrainian cities of Kharkiv and Dnipro late Tuesday, killing at least one person and injuring around 50 others, according to local officials.
A satellite developed by British scientists and engineers is poised to become the world’s first to capture three-dimensional measurements of Earth’s forests from space.
Operation in Iran’s Shahid Rajaei Port in the southern city of Bandar Abbas is back to normal after firefighters put off the deadly fire which broke out on Saturday, customs authorities said.
Germany’s Social Democratic Party (SPD) has approved a coalition agreement with the conservative Christian Democrats (CDU/CSU), securing the final step needed to form a new government under Chancellor-designate Friedrich Merz.
Political directors from France, Britain, and Germany are scheduled to meet with Iranian officials in Rome on Friday, according to two diplomatic sources who confirmed the meeting to Reuters.
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