Chinese miner Zijin Gold said on Monday it will buy Canadian Allied Gold in a cash deal worth about C$5.5 billion, a major acquisition for the firm as it looks to expand its footprint globally as gold prices hit all-time highs. The transaction is valued at C$44 per share, which indicates a premium of approximately 5.4% to
In a year where gold prices have shattered records, surging to $5,000 per ounce amid global economic turbulence, Bitget’s tokenised gold trading volume has exploded by 4,900%, pushing the exchange past $1 billion in tokenised stock spot volume. As retail and institutional investors flock to digital versions of this timeless hedge, Gracy Chen, Chief Executive
Gold prices breached $5,000 per ounce for the first time on Monday, and subsequently moved above $5,100 as well. Meanwhile, there is no stopping silver’s rally as prices surged past $100 per ounce and hit a record high of $112.330 per ounce. On the other hand, oil prices dipped on Monday after strong gains in
Markets opened the week with nerves on edge as Nvidia doubled down on CoreWeave in a $2 billion vote for AI infrastructure, even as sceptics questioned whether chipmakers’ funding customers signals late-cycle froth. Risk sentiment also turned defensive as gold blasted through $5,100 and silver hit fresh records on tariff threats and geopolitical strain. In
Geopolitical risk has sent gold soaring past $5,000 an ounce on investor uncertainty, even as energy markets remain firmly tied to tangible supply-demand constraints, according to a new Rystad Energy update. “The message for commodity markets heading into the week is clear. Geopolitical rhetoric remains loud, but pricing continues to respond primarily to tangible constraints
Oil prices jumped on Tuesday as a massive storm hit crude production and operations at refineries in the US Gulf Coast. Meanwhile, gold prices fell, but remained near their recent record highs above the $5,100 per ounce level. Silver prices on COMEX also fell sharply after hitting a record high of $113.438 per ounce earlier
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European stocks are finally showing signs of life, with analysts at UBS highlighting a stronger and more reliable earnings backdrop than investors have seen in years. With valuations still trading at a discount compared to US peers, the stage is set for select European names to deliver outsized returns. To UBS experts, two stand out
Bitcoin hovered near $89,000 as a new institutional report pointed to a more resilient, macro-driven market structure, while a large options expiry this week keeps $90,000 in focus for traders. A steadier phase, shaped by macro and positioning Bitcoin is entering 2026 in a firmer state after excess leverage was flushed out in last year’s
Amazon employees were left unsettled on Tuesday after an internal email referencing “organizational changes” and “impacted colleagues” was sent prematurely, fueling concerns that another round of corporate layoffs is imminent. The message, which appears to have been recalled shortly after being sent, comes as the company prepares to report fourth-quarter earnings next month and continues