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gold prices soar amid political uncertainty and us tariff concerns

Gold prices have surged to a new record high, buoyed by political uncertainty and the impact of upcoming US tariffs, which may affect imports from Canada. The widening price gap between Comex and London spot prices indicates ongoing support for gold, especially as potential weak US economic indicators could lead to further interest rate cuts by the Fed.

global energy demand rises as oil consumption hits historic low

In 2024, global energy demand is projected to rise by 2.2%, driven primarily by a 4.3% increase in electricity demand, particularly in emerging markets. Oil's share of global energy consumption has fallen to a historic low of under 30%, with renewables and nuclear energy leading the way in meeting this demand, while fossil fuels see a decline.
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