[MARKET UPDATE] Spot XAU continues to reach new heights, currently up 2% at USD 4860/oz
The 2% rise in spot gold (XAU) to USD 4860/oz suggests strong demand or heightened safe-haven buying, possibly driven by geopolitical tensions or inflation concerns.
A planned announcement of an USD 800bln 'prosperity plan' between Ukraine, Europe and the US has been delayed due to Europe's opposition from President Trump to acquire Greenland, the FT reports citing officials
Alibaba (9988 HK/BABA) has set up a CNY 250mln JV with China National Nuclear Power (601985 CN) to help secure the power needed to run AI data centres
[MARKET UPDATE] Spot XAU continues to reach new heights, currently up 2% at USD 4860/oz
Japan's SMFG (8316 JT) plans big JGB purchases after selloff, Bloomberg reports
[MARKET ANALYSIS] Spot XAU extends to USD 4850/oz following fiscal and trade tensions
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This increase could have broader implications for inflation expectations and support commodity-linked currencies, while impacting risk sentiment across markets.
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