Analysts predict packaged food manufacturers and fast-food eateries may be pushed to alter more of their goods next year when newly licensed appetite-suppressing GLP-1 tablets become accessible in January 2026. The decision comes as more Americans are likely to try the medications in pill form rather than injections, owing to the lower cost and many
Gold prices were hovering below the $4,400-per-ounce mark as safe-haven buying increased, while the dollar slipped against major currencies. Silver prices on COMEX also rose more than 3% on Monday, with the metal shy of Friday’s record high. Meanwhile, oil prices were in the red as a potential peace deal between Russia and Ukraine weighed
Silver prices hit fresh record highs on Wednesday, above $66 per ounce. Gold prices also advanced on Wednesday, with softer labour market data from the US on Tuesday signalling a cooling economy. Meanwhile, oil prices jumped more than 2% as US President Donald Trump ordered the blockade of all sanctioned oil tankers entering and leaving
Gold prices pared losses from earlier in the day as softer-than-expected US inflation data raised hopes of Federal Reserve rate cuts next year. Silver prices fell sharply as investors booked profits after the metal had hit record highs above $66 per ounce. Meanwhile, oil prices rose as concerns about lower supply boosted sentiments among investors.
Gold prices eased and remained flat on Friday due to a stronger dollar against a basket of major currencies. Meanwhile, silver climbed more than 1% on robust industrial demand, with prices outperforming gold comfortably. Oil prices ticked up on Friday on concerns over lower supply from Venezuela. But prices are set for a second consecutive
Asian markets began the week on a firm footing, buoyed by technology-led gains on Wall Street, while gold surged to fresh record highs amid expectations of easier US monetary policy. Elsewhere, China kept its benchmark lending rates unchanged despite weak economic data, and ride-hailing firms Uber and Lyft announced plans to trial driverless taxis in
Both gold and silver prices soared on Monday to new record highs as US rate cuts, coupled with safe-haven demand, buoyed sentiments. The February gold contract on COMEX hit a fresh record high of $4,452.85 per ounce earlier on Monday. The March silver contract also hit a new high of $69.515 per ounce. At the
Gold prices rose to new record highs on Monday as rate cut bets and safe-haven demand boosted sentiments in the market. Silver followed suit with prices breaching the $69 per ounce barrier for the first time ever. Meanwhile, oil prices climbed more than 2% on Monday as the US intercepted an oil tanker off the
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