Market Update

Gold prices climbed back above key psychological levels in Asian trade on Wednesday, as renewed signs of tension between the United States and Iran reignited demand for safe-haven assets. The yellow metal extended gains after staging a sharp rebound on Tuesday, with dip-buying still evident following last week’s steep selloff …

Canada’s top investment industry regulator has introduced a new framework governing the custody of digital assets, aiming to reduce the risk of losses stemming from hacking, fraud, and weak governance practices. The Canadian Investment Regulatory Organization (CIRO) on Tuesday published its Digital Asset Custody Framework, setting out clear standards for …

U.S. President Donald Trump on Tuesday signed a sweeping spending package into law, bringing an end to a partial government shutdown after just three days, while setting up a new funding deadline for the Department of Homeland Security (DHS) in two weeks’ time. The administration and Republican leaders moved quickly …

The tech world has long predicted that AI would eventually come for the “white-collar” sectors, but few expected the disruption to hit this hard or this fast. This week, the legal-software market didn’t just stumble—it plummeted. As the broader markets faced a sea of red, with the Nasdaq dropping 1.55% …

The oil market just reminded everyone why you never bet against volatility. After a lackluster start to the week where prices seemed to be drifting, crude roared back today. This wasn’t just a minor fluctuation; it was a loud reaction to a high-stakes geopolitical chess move between Washington and New …

Australia’s Hawkish Turn The Reserve Bank of Australia raised its benchmark interest rate by 25 basis points to 3.85%, signaling that inflationary pressures remain persistent. The move, widely anticipated by markets, suggests further tightening could follow later this year. Traders are already pricing in the possibility of another hike before …

Silver made a striking comeback, climbing to $83.03 per ounce, up nearly 4.7%. After days of sharp swings, the metal attracted renewed buying interest, signaling that investors see opportunity in lower prices. This surge highlights silver’s resilience as a key precious metal.Gold Shows Solid RecoveryGold mirrored silver’s recovery, rising more …

AI Winners, Earnings Losers, and a Market Caught in BetweenUS stocks delivered a mixed performance on Tuesday as investors navigated a flood of earnings reports alongside fresh uncertainty around delayed economic data. The Dow Jones Industrial Average slipped slightly, while the S&P 500 and Nasdaq edged higher, supported by renewed …

EUR/JPY traded higher on Tuesday, reflecting a mix of stability in the Eurozone and political uncertainty in Japan. The pair hovered around 183.80 at midday, up 0.2% as investors balanced expectations for European monetary policy with the potential economic impacts of Japan’s snap elections.Eurozone Calm Amid Inflation SignalsIn Europe, markets …

Richmond Fed President Thomas Barkin said the ongoing US government shutdown is likely to cause only brief delays in economic data, not lasting damage to the broader economic outlook. Speaking on Tuesday, Barkin stressed that while the flow of official numbers may slow for a few days, the Federal Reserve’s …