Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China's economy at the end of last year, although gains were limited by caution ahead of Donald Trump's inauguration as U.
Global equities rose on Friday, adding to weekly gains, as declining bond yields, stronger than expected Chinese growth figures and upbeat earnings supported riskier assets.
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump's inauguration as president on Monday.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
DONALD Trump is promising to put import taxes back at the center of US economic policy during his second term as US president. Read more at The Business Times.
The Australian dollar (AUD) has reached its lowest level against the US dollar (USD) in five years, trading at just $0.615. This sharp decline reflects a complex interplay of global and domestic economic factors,
The LBMA Gold Price AM in USD fell in December while the Shanghai Gold Benchmark Price PM in RMB rose, supported by a weakening local currency. Read more here.
Could a 50-year bond, redeemable in gold on America’s 300th Birthday, point the way out of the era of fiat money?
The big unknown is how far Trump is prepared to go to win a trade war before it winds up crushing animal spirits.
Shares were mostly lower in Asia on Friday after China reported that its economy grew at a 5% annual pace last year, hitting the government’s target but slowing from the year before.