Gold prices rebound as risk-off mood grips markets; US payroll data awaited

Stocks have taken a significant hit as fears over stretched valuations continue to grip the markets. Investors are increasingly concerned about the sustainability of current prices amid economic uncertainties.

China's largest state-owned bank, ICBC, is set to open a precious metals depository at Hong Kong International Airport. This move is expected to enhance the bank's trading operations and support Hong Kong's goal of becoming a global gold hub.

Gold prices have experienced a significant drop, the largest in over a week, as traders assess the recent strength of the dollar amidst a broader risk-off sentiment in the markets.

Gold prices have shown a slight increase, suggesting a potential technical recovery after a recent dip of 1.3% in front-month gold futures. This movement indicates a possible turnaround in the market.

Gold futures have dropped below the $4,000 per troy ounce mark, prompting analysts to describe this decline as a 'correction.' This downturn has raised concerns among investors about the stability of the gold market.

David Dziekanski, CEO of Quantify Funds, discusses the 'debasement trade' and highlights how Bitcoin and gold may perform better as the dollar weakens.

Deutsche Bank has stated that the recent reform of China's gold VAT is unlikely to significantly affect demand for gold. The bank's analysis suggests that while changes in tax policy can influence market dynamics, the overall impact on gold consumption in China will be minimal.

Gold prices have taken a hit recently due to a stronger dollar and ongoing uncertainty surrounding the Federal Reserve's policies. Investors are feeling the pressure as these factors contribute to a decline in the precious metal's value.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.