News
Important Only
From $3,500 to $6,000: Peter Schiff’s Bullish 2026 Outlook for Gold and Miners
TradingKey - Fueled by expectations of Fed rate cuts, political turmoil, and broader macroeconomic uncertainty, gold prices surged past $3,500 per ounce during Tuesday’s Asian trading session, setting a new all-time high. Wall Street’s famed “gold bull,” Peter Schiff, says the market is in the best
Gold Stocks Jump; Harmony Gold up 7%; Coeur Mining up 5%; Equinox, Kinross up 3%; Newmont up 1%
Gold stocks jumped in premarket trading on Tuesday. Gold sailed past $3,500 per ounce to a record high on Tuesday, as a weaker dollar and mounting expectations of a U.S. Federal Reserve interest rate cut in September boosted the precious metal's appeal. Harmony Gold up 7%; Coeur Mining up 5%; EquinoTiger News
Tue, Sep 2
Sterling set for worst day since June, gilts sell off as spotlight falls on UK finances
LONDON, Sept 2 (Reuters) - Britain's 30-year borrowing costs rose to their highest levels since 1998 and sterling slid more than 1% on Tuesday, highlighting growing investor anxiety about the UK's ability to get its finances under control.
Reuters
Tue, Sep 2
Trump’s “Autocratic Politics” Fueled Capital Shifts from Treasuries to Gold, Says Ray Dalio
TradingKey - As markets focus on U.S. President Donald Trump’s move to fire Federal Reserve Governor Lisa Cook and its cascading effects, gold prices have surged to a record high of $3,500 per ounce. Bridgewater Associates’ Ray Dalio said capital is shifting from U.S. Treasuries to gold — a trendTradingKey
Tue, Sep 2
Trump Administration Seeks Legal Loophole? “Plan B” Reveals Determination to Maintain Tariffs
TradingKey - U.S. Treasury Secretary Scott Bessent said Monday he believes the Supreme Court will uphold the legality of the Trump administration’s broad use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs.TradingKey
Tue, Sep 2
Nestlé CEO Fired for Undisclosed Office Romance, Marking Second Exit in a Year and Trust Crisis at Century-Old Giant
TradingKey - Swiss food and beverage giant Nestlé announced a major personnel change on September 1, revealing that the board dismissed CEO Laurent Freixe for violating the company's Code of Business Conduct due to an undisclosed romantic relationship with a direct subordinate.TradingKey
Tue, Sep 2
Japan’s Long-Term Bonds Pass a Key Test as 10-Year JGB Auction Sees Strongest Demand in Two Years
TradingKey - Amid rising expectations of a Bank of Japan rate hike and lingering concerns over fiscal deficits, Tuesday’s 10-year Japanese government bond (JGB) auction was seen as a critical stress test for the health of demand in Japan’s bond market. Fortunately, the auction results came in
TradingKey
Tue, Sep 2
EUR/JPY climbs to three-week top, around 172.80 area ahead of Eurozone inflation data
The EUR/JPY cross prolongs its uptrend for the fourth consecutive day and climbs to a nearly three-week peak, around the 172.75-172.80 region during the Asian session on Tuesday. The intraday move up is exclusively sponsored by the heavily offered tone surrounding the Japanese Yen (JPY) and seems ra
Fxstreet
Tue, Sep 2
Asian stocks gain on Fed rate-cut bets, SE Asia political situation in focus
Sept 2 (Reuters) - Most Asian stock markets rose on Tuesday, led by Indonesia and South Korea on growing bets of a U.S. interest rate cut this month, while investors assessed political risks in Southeast Asia's two largest economies.Reuters
Tue, Sep 2
Dollar wobbles, gold hits record high on US rate outlook
Stocks struggle for direction ahead of economic data Dollar soft on rate cut wagers, gold soars to new peakU.S. labour market in focus before Fed's policy meetingWorries about Fed's independence lingerBy Ankur Banerjee SINGAPORE, Sept 2 (Reuters) - Stocks were muted, the dollar steadied n...Reuters
Tue, Sep 2
Australia’s Second-Largest Pension Fund Dumps U.S. Treasuries: Policy Risks Reshape Global Asset Allocation
TradingKey - Australian Retirement Trust (ART), the country’s second-largest pension fund, is significantly reducing its holdings of U.S. Treasury bonds, as it reevaluates its exposure to American assets across its A$330 billion (approximately $216 billion) portfolio. According to Jimmy Louca, HeadTradingKey
Tue, Sep 2
Japan government bonds hold steady ahead of debt auction, BOJ remarks
By Rocky Swift TOKYO, Sept 2 (Reuters) - Japanese government bonds held steady on Tuesday ahead of a 10-year debt auction and comments from Bank of Japan (BOJ) Deputy Governor Ryozo Himino.Benchmark 10-year JGB futures 2JGBv1 rose 0.02 yen to 137.32. Most cash bonds had yet to trade in the morninReuters
Tue, Sep 2
Trump says India offered to reduce tariffs on US goods to zero
Trump calls US-India trade relationship 'one sided'Modi attends China summit with Xi and PutinBeijing seeks to mend ties with New Delhi at summit WASHINGTON, Sept 1 (Reuters) - U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, e...Reuters
Tue, Sep 2
Tesla's sales rout in some European markets extends to eighth month
Tesla sales fall in August in France, Sweden, Denmark, Netherlands, ItalySales rise in Norway and Spain but by much less than BYD'sTesla's lineup relatively small and ageingA consumer backlash against CEO Musk has also hurt salesBy Nick Carey and Amir Orusov LONDON, Sept 1 (Reuters) - Te...
Reuters
Tue, Sep 2
