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Silver reaches all-time high, gold records record at $4,700/oz
On 'Tuesday', gold reached a new record high, reaching $4,700 per ounce, as rising geopolitical tensions increased demand for safe havens. Silver also broke through $95 an ounce for the first. By 01:52 pm, spot gold had gained about 2% and was at $4,757.33 an ounce. ET (18:52 GMT), the price of gold reached a record-high $4,765.93 in the morning. U.S. Gold Futures for February Delivery settled 3.7% higher at $4,765.80/oz. Fawad Rasaqzada is a market analyst for FOREX.com and City Index. He said that gold has surged?deeper in uncharted waters as investors hedged against rising political risks. A softer dollar provides an additional tailwind to precious metals. This is a good thing for gold, as it reinforces its?rally' at a moment when the confidence in US assets seems to be waning. Wall Street's major indexes fell to a low of a few days ago, as investors were scared by President Donald Trump's renewed threats against Europe for?control over Greenland. The comments have increased tensions before Trump's meeting with business leaders from around the world in Davos on Wednesday. Gold priced in greenbacks is now more affordable to overseas buyers. Gold, which is seen as a safe haven of value in times of economic and political uncertainty, has risen by 64% since 2025, and another 10% was added to the price of gold at the beginning of this year. Gold's rise has been boosted by the expectation of a U.S. rate cut, which will reduce the opportunity costs associated with holding non-yielding metals. Markets have priced in two 25-basis point rate cuts from mid-2026. The focus has intensified since U.S. Treasury Sec. Scott Bessent stated that Trump could 'name a new Federal Reserve Chair as soon as next week. "$4,800 and $4,900 are next obvious reference points for gold. The key $5,000 handle stands out as the longer term psychological?target," Razaqzada said. Silver spot fell 0.3%, to $94.38/oz after reaching a record high of $95.87. The white metal gained about 147% between 2025 and 2026. Palladium rose 1.1% to $1,861.61 while spot platinum gained 2.3%.
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UN report warns that looming water 'bankruptcy’ puts billions of dollars at risk
U.N. researchers said on Tuesday that the world faces irreversible "water bankruptcy", with billions struggling to cope with consequences of decades of overuse, as well as shrinking supply from lakes, rivers and wetlands. Researchers said Tuesday. Researchers said on Tuesday. Kaveh Madani is the director and lead author of?the Institute. He said that many regions were living beyond their means and that critical water systems had already gone bankrupt. He said: "By recognizing the reality of the water crisis, we can make the difficult choices that will protect people and economies, as well as ecosystems." According to the report, water supplies have "already reached a state of failure after a crisis"? after decades of unsustainable extraction that has drained "savings"??found in aquifers and glaciers?, soils?, wetlands?and river ecologies?, as well as being degraded by pollutants. The report stated that more than 170 millions hectares (an area bigger than Iran) of irrigated crops are experiencing "high" or very high water stress. Economic damage caused by land degradation, groundwater depletion, and climate change is estimated to be $300 billion per year. It said that more than 100 millions hectares have been degraded by salinisation, which has affected more than three billion people. Researchers wrote that current approaches to solving water issues were no longer effective and the priority was not to "return to normal", but to create a "global agenda" to minimize damage. Jonathan Paul, a geoscience professor from Royal Holloway University of London said that the report failed to address a major factor in the crisis. He said, "The elephant in room is that massive and uneven growth of population is driving many manifestations of water bankruptcies." (Reporting and editing by David Stanway)
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Silver reaches all-time high; gold records record of $4,700/oz
As escalating geopolitical conflicts boosted demand for safe havens, gold reached a new record high of $4,700 per ounce on Tuesday. Silver also broke through $95 an ounce for the first. By 11:34 am, spot gold had gained 1.6% and was at $4,741.96 an ounce. After reaching a record-high of $4,750.49 in the morning ET (16:34 GMT), gold prices fell to $4,741.96 per ounce by 11:34 a.m. U.S. Gold Futures for February Delivery climbed 3.3%, to $4.747.60/oz. Fawad Rasaqzada is a market analyst for FOREX.com and City Index. He said that gold has surged?deeper in uncharted waters as investors hedged against rising political risks. A softer dollar provides an additional tailwind to precious metals and is reinforcing the gold rally at a time that confidence in US assets seems to be shaky. Wall Street's major indexes fell to a near-three-week low on Tuesday as investors were scared by President Donald Trump's renewed tariff threats against Europe for?control over Greenland. The comments have increased tensions before Trump's meeting with business leaders from around the world in Davos on Wednesday. Gold priced in greenbacks is now more affordable to overseas buyers. Gold, which is seen as a safe haven of value in times of economic and political uncertainty, has risen by?64% since 2025, and another 10% added since the beginning of the year. Gold's rise has been boosted by the expectation of a U.S. rate cut, which will reduce the opportunity costs associated with holding non-yielding metals. The markets are pricing in two 25-basis point rate cuts from mid-2026. This focus has intensified since U.S. Treasury Sec. Scott Bessent stated that Trump could 'name a new Federal Reserve Chair as soon as next week. "$4,800 and $4,900 are next obvious reference points for gold. The key $5,000 handle stands out as a longer-term psychological goal," added?Razaqzada. Silver spot fell 0.4%, to $94.27/oz after reaching a record high of $95.87. The white metal gained about 147% between 2025 and 2026. Palladium rose 1.4% to $1,866.47, and spot platinum gained 2%.
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QIA and Goldman Sachs to expand partnership by investing $25 billion
Qatar Investment Authority has signed a?preliminary agreement with Goldman Sachs to expand their strategic?partnership. The Gulf?wealth?fund will invest $25 billion into Goldman-managed vehicle and co-investment options. In a joint press release?on?Tuesday, the two parties said that under the memorandum, QIA would commit to being an anchor investor for several of the U.S. banks flagship and innovative strategies. Goldman Sachs also plans to "meaningfully increase" its Doha headcount, although it didn't provide any figures. Qatar, a country that is one of the top exporters of natural gas liquefied, wants to diversify its economy and bring in more foreign investment. In order to expand its financial sector, the country has attracted global asset managers and international investment banks. Many of these have increased their presence in Doha in order to work with entities such as?QIA. QIA has about $580 billion in assets under management, according ?to sovereign-wealth-fund research firm Global SWF. The expanded partnership will "provide QIA with premium deals flow in sectors critical to our investment strategy, such as AI, fintech and digital infrastructure, as well private credit," QIA's?CEO Mohammed Saif Al-Sowaidi stated. He added that this would strengthen Doha's role as a financial centre for the region. Reporting by Andrew Mills, Federico Maccioni. (Editing by Alison Williams, Mark Potter and Mark Potter.
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Palantir signs HD Hyundai deal worth hundreds millions of dollars, CEO optimistic about Korea
Palantir's leaders announced that the U.S. tech company had clinched a contract to sell more software in South Korea, boosting its heavy industry work. A person with knowledge of the matter said on Tuesday that Palantir will receive hundreds of millions over a period of several years. Palantir has declined to comment on the terms of the agreement. The companies held a signing at the office Palantir had set up in Davos, Switzerland for the World Economic Forum annual meeting. Palantir has expanded its work with HD Hyundai since 2021, when it began working with one of the largest shipbuilders in the world. HD Hyundai now manufactures ships around 30% quicker using the?Palantir Software to speed up operations. In an interview at Davos, Palantir CEO Alex Karp said he was "very optimistic" about the Korean market. He called it "one of most innovative, interesting and artistic places in the entire world." PALANTIR SETTLES AN ENTERPRISE WIDE DEAL WITH HD HYUNDAI Palantir software allows customers to combine disparate data into a single platform, and then identify actions through automation and artificial intelligence. Palantir, which had previously worked in areas like construction equipment and oil, has now signed a deal with HD Hyundai that covers the entire enterprise. The engagement is centered around shipbuilding, which is usually slow. Palantir worked with HD Hyundai in order to manage data from sources such as financial planning, machineries, and materials. Automation was able to identify moves HD Hyundai could take to stay ahead of schedule. Shipbuilding includes commercial cargo ships, naval vessels and unmanned surface vehicles. Karp stated that Palantir does not focus on sales outside of Korea. He said, "We are doing so well here in America that we must engage selectively abroad." CEO: PALANTIR Can't Satisfy Demand in the US The threat of U.S. president Donald Trump to impose new tariffs on European nations that oppose his desire to acquire Greenland is fueling fears of a return to global trade disruptions, which characterized much of last season. Tuesday's stock market fell due to the re-emerging uncertainties. Karp responded that the demand for Palantir products in America was greater than they could satisfy. As of September 30, the?U.S. The?U.S. Palantir's public sector work, despite its?soaring sales to U.S. firms, has put it at the centre of cultural and political hotspots. Palantir has provoked protests, and some former employees have criticized it for its role in the Trump administration crackdown on immigration and Israel's military action in Gaza. Palantir claims to be a defender of the West and Western Values.
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Silver reaches all-time high; gold records record of $4,700/oz
As escalating geopolitical tensions increased demand for safe havens, gold reached a new'record high' on Tuesday. Silver also surpassed $95 an ounce for the first. Spot gold rose 1.5%, to $4.737.18 an ounce at 09:49 am. After reaching a record-high of $4,750.49 in the morning ET (14.49 GMT), gold prices fell to $4,737.18 per ounce by 09:49 a.m. U.S. Gold Futures for February Delivery climbed 3.2%, to $4.742.70/oz. Fawad Rasaqzada is a market analyst for FOREX.com and City Index. He said that gold has surged?deeper than ever before as investors protect themselves against the rising political risks. A softer dollar provides an additional tailwind to precious metals and is reinforcing the gold rally at a time that confidence in US assets seems to be shaky. Wall Street's major indexes began sharply lower on Tuesday, as investors were scared by President Donald Trump's renewed tariff threats against?Europe for control of Greenland. The remarks have increased tensions before Trump's meeting with business leaders from around the world in Davos on Wednesday. Gold priced in greenbacks is now more affordable to overseas buyers. Gold is seen as a safe haven of value in times of economic and political uncertainty. It has risen by 64% since 2025, and another 9.5% was added to the price of gold since the beginning of the year. Gold's rise has been boosted by the expectation of a?U.S. Interest rate reductions reduce the cost of holding bullion that does not yield. Markets have priced in two rate cuts of 25 basis points from mid-2026. The focus has intensified since U.S. Treasury Sec. Scott Bessent stated that Trump could appoint a new Federal Reserve Chair as soon as next week. "$4,800 and $ 4,900 are the next obvious reference point (for gold), while the $5,000 handle stands out as the longer term psychological target," Razaqzada?added. Silver spot fell 0.3%, to $94.37/oz after reaching a record high of $95.87. The white metal gained about 147% between 2025 and 2026. Palladium fell 0.7% to $1,828.39, and spot platinum rose 2.8%, respectively.
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India's Embassy Developments invests $495 million on luxury Mumbai homes
Aditya Virwani, the Managing Director of Embassy Developments in India, announced on Tuesday that it will 'invest $495m to build three luxury residential developments in Mumbai. The 'rise of the wealthy Indians' has led to a rush on high-end houses, luxury cars, watches, and bathroom fittings. Embassy announced that it would launch three new residential projects in Mumbai’s Worli and Juhu districts, as well as the tourist hotspot Alibaug. These three projects will likely generate a combined revenue of approximately $1.32 billion upon completion. Virwani stated that "our strategy is deliberate - We are not pursuing quantity but?building a few high-conviction development," Virwani. Mumbai is a key part of our future. Virwani said the Worli development - ?a single tower development comprising three-to-five-bedroom apartments, costing $1.6 million to $3.3 million - will ?take eight years to complete. Embassy Developments is a part of the Embassy Group, based in Bengaluru. The Embassy Group is well-known for its development of large commercial offices complexes. WeWork India is controlled by the same real estate group.
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Palantir signs HD Hyundai deal worth hundreds millions of dollars, CEO optimistic about Korea
Palantir's leaders announced that the U.S. tech company had signed a deal with HD Hyundai to increase its work in heavy industry in South Korea. A person with knowledge of the matter said that Palantir will receive hundreds of millions over several years. Palantir has declined to comment on the terms of the agreement. The companies planned to sign at the office Palantir had?set-up for?the World Economic Forum annual meeting in Davos, Switzerland this week. Palantir has expanded the work it began with HD Hyundai in 2021, one of world's biggest shipbuilders. The companies claim that since?then HD Hyundai has manufactured ships up to 30% faster using Palantir software. Palantir CEO Alex Karp said? Palantir CEO Alex Karp told? Karp, in an interview at Davos, said that sales to companies located outside of the U.S. were not his main focus. He added, "We are doing so well here in America that we must selectively engage overseas." (Reporting and editing by Franklin Paul, Alexander Smith, and Jeffrey Dastin, DAVOS Switzerland)
Silver reaches all-time high, gold records record at $4,700/oz
As escalating tensions in the world? boosted demand for'safe havens,' gold reached another record-high on Tuesday. Silver also broke through $95 per ounce for the first.
By 01:02 pm, spot gold had gained 2% and was at $4,761.58 an ounce. After reaching a record-high of $4,763.07 in the morning, ET (18:02 GMT) saw gold prices rise to $4.761.58 per ounce. U.S. Gold Futures for February Delivery climbed 3.7%, to $4.766.80/oz.
Fawad Razaqzada is a market analyst with FOREX.com and City Index. He said that gold has risen to uncharted heights as investors hedged against the rising political risks.
Gold's rally is boosted by a softer dollar, which provides an additional tailwind at a time when the confidence in US assets seems to be waning.
Wall Street's major indexes fell to a?low of nearly three weeks on Tuesday as investors were scared by President Donald Trump's renewed tariff threats against Europe for control over?Greenland.
The comments have increased tensions before Trump's meeting with business leaders from around the world in Davos on Wednesday.
Gold priced in greenbacks is now more affordable to overseas buyers.
Gold, which is seen as a safe haven of value in times of economic and political uncertainty, has risen by?64% since 2025, and another 10% added since the beginning of the year. Gold's rise has been boosted by the expectation of a U.S. rate cut, which will reduce the opportunity costs associated with holding non-yielding metal.
The markets are pricing in two 25-basis point rate cuts from mid-2026. This focus has intensified since U.S. Treasury Sec. Scott Bessent stated that Trump could 'name a new Federal Reserve Chair as soon as next week.
"$4,800 and $4,900 are next obvious reference points for gold. The key $5,000 handle stands out as a longer-term psychological goal," added?Razaqzada.
Silver spot fell 0.1%, to $94.60/oz after reaching a record high of $95.87. The white metal gained about 147% between 2025 and 2026.
Palladium rose 1.7% to $1,873.55 while spot platinum gained 2.5% at $2,433.12/oz.
(source: Reuters)