Latest news with #havenassets
Bloomberg
7 days ago
- Business
- Bloomberg
Gold Holds Drop as Haven Demand Eases on US Trade Deals Optimism
Gold held a decline as progress in talks between the US and key trading partners hurt demand for haven assets. Bullion traded near $3,390 an ounce — following a 1.3% loss in the previous session — after Bloomberg News reported the European Union could be ready to accept a 15% tariff on most of its goods going to the US. That followed a similar agreement with Japan that included a $550 billion investment pledge by the Asian country.
Wall Street Journal
13-06-2025
- Business
- Wall Street Journal
Gold Jumps After Israel Attacks Iran
Gold futures rose, reflecting a rush into haven assets after Israel attacked Iran . Most-active contracts recently stood about 1% higher, at slightly over $3,436 a troy ounce. That put gold on course for a record end-of-day high. The record settlement level to beat is $3,425.30, hit on April 21, according to Dow Jones Market Data.
Yahoo
13-06-2025
- Business
- Yahoo
Gold Jumps After Israel Attacks Iran
Gold futures rose, reflecting a rush into haven assets after Israel attacked Iran. Most-active contracts recently stood about 1% higher, at slightly over $3,436 a troy ounce. That put gold on course for a record end-of-day high.
Bloomberg
02-06-2025
- Business
- Bloomberg
Gold Climbs as Rising Geopolitical and Trade Tensions Aid Havens
Gold rose — after falling by 2% last week - as an increase in geopolitical and trade tensions revived demand for haven assets. Bullion climbed as much as 0.8% in Asia after Ukraine staged a dramatic series of drone strikes across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest attacks against Kyiv, ahead of crucial peace talks this week.
Free Malaysia Today
08-05-2025
- Business
- Free Malaysia Today
Gold climbs toward record as global trade war concerns dominate
Holdings in gold-backed exchange-traded funds have expanded for the past 12 weeks straight, the longest run since 2022. (EPA Images pic) SINGAPORE : Gold rose toward a record as the debilitating US-led trade war underpinned demand for haven assets, with data due in the coming days that may highlight early signs of damage to the global economy. Bullion for immediate delivery climbed toward US$3,354 an ounce – just below the peak set last week – as the dollar fell. On Tuesday, the International Monetary Fund is set to lower its outlook for growth in new projections, while purchasing manager indexes the following day will offer a broad snapshot of economic activity since President Donald Trump's tariff push. Gold has soared to successive records this year as the trade conflict has unsettled global markets, hurting appetite for risk assets while accelerating a rush to havens. Holdings in bullion-backed exchange-traded funds have expanded for the past 12 weeks straight, the longest run since 2022. Central banks have also been adding to their holdings, underpinning robust worldwide demand. Bullion traded 0.8% higher at US$3,353.47 an ounce at 8.07am in Singapore, as the Bloomberg Dollar Spot Index fell 0.3%. Silver and platinum were little-changed, while palladium declined.
