A cooling failure at a CyrusOne data center outside Chicago froze trading across CME Group’s entire futures complex early Friday, halting price discovery for oil, gold, currency pairs, and Treasury benchmarks during a critical month-end window. The outage, which began around 9:45 p.m. ET Thursday, left traders staring at static screens while engineering teams scrambled
Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets that the US Federal Reserve will cut interest rates next month. Meanwhile, silver prices have outperformed gold this week, with the metal on COMEX hitting a new record high on Friday. The metal has spiked
Oil prices remained flat on Thursday as trading volumes were thin due to the US Thanksgiving holiday. Gold prices fell from two-week high as investors continued to assess the likelihood of an interest rate cut by the US Federal Reserve next month. Silver prices also pulled back after hitting their highest level of $54 per
Gold prices rose to an over one-week high on Wednesday as hopes for an interest rate cut by the US Federal Reserve next month increased. Silver prices also rose 1%, tracking gains in gold, with the metal nearing the $52 per ounce level. Meanwhile, oil prices were volatile throughout the day amid uncertainty over a
Global trade tensions, shifting markets, and geopolitical pressure are driving today’s biggest stories. The US has extended key China tariff exclusions in a bid to stabilize relations, while global markets remain unsettled as investors parse every signal from the Federal Reserve. Gold is climbing on rising expectations of a December rate cut, and Beijing is
Fresh signs of resilience in the US labor market have curbed GLD gold price gains even as the persistent uncertainties offer steady support to the precious metal. At the time of writing, the bullion was trading at $4,163 an ounce amid heightened bets for a 25 basis point rate cut by the Fed in December.
Gold prices are forecast to rise to $4,900 per ounce next year, according to Daan Struyven, head of oil research at Goldman Sachs. This expected surge is driven by continued strong demand from central banks and ETF investors, with the potential for an even greater increase if retail investors enhance their gold diversification. Struyven, in
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, a move a senator confirmed on Thursday despite fears it could violate European Union regulations. Lucio Malan, a Senator from Prime Minister Giorgia Meloni’s Brothers of Italy party, stated on Radio 24
Gold prices were volatile on Tuesday, with traders anticipating another rate cut by the US Federal Reserve next month. But, prices fell at the time of writing as the US producer price index, a key indicator of consumer price inflation, rose 0.3% from the previous figure, boosting the dollar index. Meanwhile, oil prices slipped more
Global technology, geopolitical tensions, and economic market shifts dominated the news cycle as developments unfolded across AI, international security, and financial markets. OpenAI is forecasting a sharp expansion in paid ChatGPT users, Taiwan is preparing a significant defence spending increase amid rising pressure from Beijing, negotiations toward a potential Russia–Ukraine peace agreement progressed, and Asian