Latest news with #JohnFeeney
Mint
11 hours ago
- Business
- Mint
Gold price today: MCX Gold dropped 1.44% to ₹98,825 as early gains wore off amid Israel-Iran conflict
Gold price today: Gold futures on the Multi Commodity Exchange (MCX) dropped 1.44 per cent or by ₹ 1,451 per 10 grams on Monday, 16 June 2025, as the early gains eroded due to the easing investor tensions over other nations involving themselves in the Israel-Iran conflict, and weak global cues. Gold futures for the August 2025 contract dropped 1.44 per cent or by ₹ 1,451 per 10 grams to an intraday low of ₹ 98,825 per 10 grams on Monday's commodity market session, compared to ₹ 1,00,276 per 10 grams at the previous market close. As of 10:39 p.m. (IST), the gold futures on the MCX are trading 1 per cent lower at ₹ 99,274 per 10 grams, according to the official data. Meanwhile, Silver futures were flat after a volatile session on Monday, at ₹ 1,06,563 per kilogram, compared to ₹ 1,06,493 per kilogram at the previous commodity market session. A sell-off in these precious commodities shows a reduced appetite for safe-haven assets and a shift in investor demand for riskier assets like stocks, as they regain confidence amid easing global uncertainty. Global gold also edged lower after a rise in the early session on Monday as investor tensions eased amid the Israel-Iran conflict. The US-based Comex Gold dropped to $3,390 an ounce as the two nations exchanged fire for the fourth day on 16 June, reported the news agency Bloomberg. 'Prices are still very close to the record, and given the geopolitical situation, any further escalation will push them higher,' John Feeney, an analyst at Guardian Gold Australia, told the news agency. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term,' he said. The spot gold price also dropped 0.89 per cent to $3,401.96 per ounce as of 11:11 a.m. in New York, according to the agency report.
Yahoo
a day ago
- Business
- Yahoo
Gold Steady Near Record High as Mideast War Drives Haven Bids
(Bloomberg) -- Gold was steady near a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage The precious metal erased gains made earlier on Monday to trade close to $3,430 an ounce, about $70 short of an all-time peak set in April. The two countries continued to hit each other with barrages of missile and drones, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that's primarily been driven by the threat to global economic growth from President Donald Trump's aggressive tariff agenda. Gold has rallied more than 30% in 2025, with central banks seeking to diversify away from the dollar being another significant driver. 'Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,' said John Feeney, an analyst at Guardian Gold Australia. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term.' A 1.4% jump in the precious metal on Friday came after a two-day gain as weak US inflation and jobs data fueled bets the Federal Reserve will cut interest rates later this year. Lower rates tend to benefit bullion as it doesn't pay any interest. Spot gold dipped 0.2% to $3,427.25 an ounce as of 12:59 p.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1% after dropping 0.8% last week. Silver edged lower, while platinum and palladium advanced. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software As Companies Abandon Climate Pledges, Is There a Silver Lining? New Grads Join Worst Entry-Level Job Market in Years US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
a day ago
- Business
- Yahoo
Gold Edges Toward Record High as Mideast War Drives Haven Bids
(Bloomberg) -- Gold rose toward a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April. The two countries hit each other with barrages of missile and drones over the weekend, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that's primarily been driven by the threat to global economic growth from President Donald Trump's aggressive tariff agenda. Gold has rallied more than 30% in 2025, with central banks seeking to diversify away from the dollar being another significant driver. 'Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,' said John Feeney, an analyst at Guardian Gold Australia. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term.' The 1.4% jump in the precious metal on Friday came after a two-day gain as weak US inflation and jobs data fueled bets the Federal Reserve will cut interest rates later this year. Lower rates tend to benefit bullion as it doesn't pay any interest. Spot gold rose 0.3% to $3,441.35 an ounce as of 9:14 a.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1% after dropping 0.8% last week. Silver edged lower, while platinum and palladium advanced. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Sign in to access your portfolio
Mint
a day ago
- Business
- Mint
Gold Edges Toward Record High as Mideast War Drives Haven Bids
Gold rose toward a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April. The two countries hit each other with barrages of missile and drones over the weekend, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that's primarily been driven by the threat to global economic growth from President Donald Trump's aggressive tariff agenda. Gold has rallied more than 30% in 2025, with central banks seeking to diversify away from the dollar being another significant driver. 'Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,' said John Feeney, an analyst at Guardian Gold Australia. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term.' The 1.4% jump in the precious metal on Friday came after a two-day gain as weak US inflation and jobs data fueled bets the Federal Reserve will cut interest rates later this year. Lower rates tend to benefit bullion as it doesn't pay any interest. Spot gold rose 0.3% to $3,441.35 an ounce as of 9:14 a.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1% after dropping 0.8% last week. Silver edged lower, while platinum and palladium advanced. This article was generated from an automated news agency feed without modifications to text.
Irish Times
20-05-2025
- Business
- Irish Times
Banks see no sign of imminent spike in housebuilding
Senior Irish bankers said on Tuesday they are not seeing signs of an imminent surge in housebuilding, adding to fears that the Government will miss its housing targets for at least this year and next. Bank of Ireland's head of corporate and commercial banking, John Feeney, told a Banking and Payments Federation Ireland (BPFI) conference that his organisation's ongoing conversations with construction industry customers does not point to an imminent spike in activity. 'We're not on track to get up to the larger numbers that have been mooted,' he said. Cathy Bryce, managing director of AIB's capital markets division, said activity remains particularly quiet in the private rental development sector. 'In the very short term we are not seeing anything in the way of private rental schemes coming through,' she said. READ MORE The Government has set itself a target of delivering 41,000 this year and 43,000 in 2026 – a total of 84,000. It is aiming for 300,000 homes to be built by the end of the decade. However, the Central Bank and BPFI estimate that 75,000 homes will be completed over the two years. Pat Farrell, head of the Irish Institutional Property lobby group, said he estimates that 30,000 or fewer homes will be developed this year, following a 6.7 per cent decline in 2024 to 30,330 dwellings. [ Home completions must 'accelerate significantly' if housing targets are to be met, department warns Opens in new window ] While speakers on the BPFI conference's panel discussion on housing – also including Land Development Agency (LDA) chief executive John Coleman – said the new Government is focused on upping activity, the industry remains constrained by slow planning and infrastructure bottlenecks. An ongoing two per cent annual rent increase cap in rent pressure zones, which is currently being reviewed by the Government, and 'completely unpredictable and knee-jerk' property policies have hit apartment construction in recent years, according to Mr Farrell. 'I've entrepreneurial spirit in my veins' – Apprentice star Jordan Dargan Listen | 44:45 Minister for Public Expenditure Jack Chambers last week chaired the first meeting of the new so-called accelerating infrastructure taskforce, which is aimed at unblocking barriers and accelerate infrastructure delivery. His department has also set up a new infrastructure division, which includes figures redeployed from ESB Networks, EirGrid, Uisce Éireann, Transport Infrastructure Ireland and An Bord Pleanála, in an effort to 'improve the speed and efficiency of critical infrastructure delivery'. 'I'm seeing greater urgency,' said Mr Coleman. Still, he said that there needs to be a culture change in Ireland a 'not in my back yard' mentality that sees a lot of planning applications being object to, often ending up in court. The senior Bank of Ireland and AIB bankers said that they have plenty of lending capacity to lend for home construction. However, Ms Bryce said that smaller builders find it more difficult than the publicly-quoted players build up landbanks and have a steady stream of projects, because are more constrained on the equity-financing front. Ms Bryce said that there is a need for consolidation among some of the smaller builders. 'If they could develop into plcs, we, as banks, can give them more flexible [lending] facilities,' she said.
