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Gold prices dipped slightly on Thursday after reaching a record high of $4,059.05 the previous day, as investors took profits amidst ongoing economic and geopolitical uncertainties. Hopes for further U.S. interest rate cuts continue to support the precious metal, which has seen significant gains this year due to strong central bank buying and ETF demand.
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The Gaza Strip faces immense devastation due to the Israel-Hamas war. One in ten people have been killed or injured. Nine out of ten are displaced. Buildings and homes are largely destroyed. Food scarcity is critical, with thousands dying from malnutrition. The conflict has resulted in widespread destruction and a humanitarian crisis.
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News and Media
Asian shares opened higher, mirroring Wall Street's gains driven by AI-linked companies. Gold and oil saw slight declines following a reported Middle East peace deal. Investors are closely watching China's market reopening after a holiday break, balancing AI enthusiasm against cautious consumer spending data.
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