Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation
Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios.
Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios.
The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system.
Professional traders understand that commodity markets are rarely insulated from global events. Geopolitical Commodity Risks are tangible forces that reshape supply chains, influence demand, and trigger price volatility across the spectrum from energy to agriculture.
Oil steadied after falling more than 3% in previous sessions following early progress in peace talks over the Iran war. A US waiver allows some sales from Iran, offering them a crucial economic lifeline. Rachel Ziemba, Founder of Ziemba Insights spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the energy markets response to the US-Iran talks. (Source: Bloomberg)
More ships are openly signaling their intention to traverse the Strait of Hormuz, pointing to growing confidence among shipowners and traders about sending vessels through the chokepoint as tensions ease.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Kalshi Inc. has added India to its list of restricted jurisdictions, weeks after the country’s technology ministry warned that prediction markets platforms were illegal and moved to curb access to such sites.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he welcomes the competing bids for his bank as they show the value created in its turnaround, and plans to assess all options in the interest of stakeholders.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Haidi Stroud-Watts and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)