Tag: assets
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Why Central Banks Are Betting on Gold Over U.S. Treasuries in 2025
Gold has soared to a record $3,609, up 37% in 2025 after a 27% rise last year. Central banks are leading the charge, favoring gold over U.S. Treasuries as nations rethink financial risk. Weak U.S. jobs data, looming Fed rate cuts, and surging retail and speculative demand are fueling the rally.
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Oil prices trend up after U.S. retaliatory strikes in Middle East
Oil prices rose Monday after the U.S. launched retaliatory strikes in Iraq and Syria against Iranian forces and their allies over the weekend, raising the risk that the Middle East is heading toward a broader conflict. The West Texas Intermediate contract for March rose 50 cents, or 0.69%, to settle at $72.78 a barrel. The…
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Oil Outlook: Prices Rise After Ukraine Attacks Major Russian Terminal; Middle East Crisis Persists
Oil prices rose on Tuesday after Ukraine reportedly attacked a major Russia fuel terminal over the weekend, raising renewed concerns about supply disruptions. The West Texas Intermediate futures contract for February gained $1.78, or 2.42%, to settle at $75.19 a barrel. The Brent contract for March rose $1.50, or 1.91%, to settle at $80.06 a…