{
}
Gold prices have dropped by $220 per troy ounce, or 8%, since late October, reflecting a shift from haven assets to riskier investments amid the prospect of a second Trump presidency. Despite being up over 25% this year, the momentum has waned, and gold has become 5% more expensive for non-US investors. The future of the rally remains uncertain.
Metals are experiencing significant declines, with copper on track for its longest streak of weekly losses in over five years, primarily due to a strong dollar and ongoing concerns about demand from China. Despite a slight uptick on Friday, copper has been in a downward trend since late September, facing its seventh consecutive weekly drop. The surge in the dollar following the US presidential election has further compounded these challenges.
Critics have labeled Donald Trump as too chaotic to effectively govern, but his rapid appointments suggest a decisive approach from the next administration. This shift indicates a serious intent to address pressing issues facing the world economy.
China's export growth accelerated in October, rising 12.7% year-on-year to $309 billion, marking the fastest increase since July 2022. Meanwhile, imports decreased by 2.3% to $213 billion, resulting in a trade surplus of $96 billion, the third-highest on record. This economic boost may face challenges from potential tariff threats linked to Donald Trump's election.
Donald Trump Organization
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
gold prices decline as investors shift to riskier dollar-denominated assets
06:00 19.11.2024
metals decline as strong dollar and china demand concerns persist
05:21 15.11.2024
Trump's swift appointments signal a decisive shift in economic policy
11:28 14.11.2024
China's exports surge in October amid economic stimulus measures
04:34 07.11.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Supply Chain Management
Retail and Consumer Goods
Stock Market Updates
Industry Mergers & Acquisitions
Venture Capital Investments
Global Financial Events
Energy Sector Developments
Finance Mergers & Acquisitions
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Inflation and Monetary Impact
Private Equity Deals
Emerging Startups
Funding Rounds & Investments
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Yatra Online, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People: