In this article XAU= @GC.1 XAG= @SI.1 @PL.1 @PA.1 Follow your favorite stocks CREATE FREE ACCOUNT Gold, silver and platinum resumed their recent sell-off this week, falling sharply as investors continue to retreat from precious metals as a safe haven trade amid the ongoing war in Iran. The price of spot gold was seen 7.8% lower shortly after 7:30 a.m. in London (3:30 a.m. ET) on Monday, at $4,126....
In this article XAU= @GC.1 XAG= @SI.1 @PL.1 @PA.1 Follow your favorite stocks CREATE FREE ACCOUNT Gold, silver and platinum resumed their recent sell-off this week, falling sharply as investors continue to retreat from precious metals as a safe haven trade amid the ongoing war in Iran. The price of spot gold was seen 7.8% lower shortly after 7:30 a.m. in London (3:30 a.m. ET) on Monday, at $4,126.36.80. Gold futures were down almost 10% at $4119.10, the lowest level seen so far in 2026. Stock Chart Icon Stock chart icon Gold spot. The precious yellow metal lost almost 10% last week in its worst showing since September 2011. Spot gold has now lost around 25% since hitting a record high of $5,594.92/oz at the end of January. Spot silver , meanwhile, was down 8.3% at $62.24, a year-to-date low and almost half of its $117 level on Feb. 28, when the Iran war began. Silver futures were trading 11.7% lower on Monday at $61.66. Stock Chart Icon Stock chart icon Silver futures. The sell-off extended to other precious metals, with platinum futures plummeting 10.6% to $1,760.90, while palladium dropped 6.7% to $1,347.50. The retreat from gold — which is traditionally seen as a key safe haven asset in times of market turmoil — chimes with the ongoing risk-off sentiment in markets as the Iran conflict fuels concerns over inflation and rising energy prices. The prospect of higher interest rates as a result of the war could boost government bonds among investors, at the expense of non-yielding precious metals, market strategists told CNBC recently. However, euro zone government bond yields were once again moving higher in early trading on Monday as the conflict's latest escalation left few hiding places for investors. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Hong Kong police have charged two men with a fresh terrorism offence under the national security law over an alleged bomb plot dating back three years. Prosecutors on Monday applied to the Eastern Court to amend the charges against Ng Tsz-kit, 36, and Ho Chi-hang, 35, ahead of the case being transferred to the High Court for trial. The pair now face a conspiracy charge of committing terrorist acts...
Hong Kong police have charged two men with a fresh terrorism offence under the national security law over an alleged bomb plot dating back three years. Prosecutors on Monday applied to the Eastern Court to amend the charges against Ng Tsz-kit, 36, and Ho Chi-hang, 35, ahead of the case being transferred to the High Court for trial. The pair now face a conspiracy charge of committing terrorist acts for allegedly attempting to coerce central and local authorities or to intimidate the public through serious violence, explosions or other dangerous activities, with the aim of pursuing a political agenda between April 2022 and December 2023. Advertisement The charge carries a mandatory prison sentence of up to life imprisonment under the national security law imposed by Beijing in June 2020. The pair allegedly possessed chemicals that could be used to produce explosives, including ammonium nitrate, hydrogen peroxide, acetone and sulphuric acid. Photo: Jelly Tse The defendants also face one count of conspiracy to cause explosions likely to endanger life or property and and three counts of possessing explosives with intent to endanger life or property under the Crimes Ordinance.
Bain Capital -owned Bridge Data Centres is in talks with lenders for a potential loan of up to $6 billion, according to people familiar with the matter, in what would be one of the largest-ever borrowings in Asia for data centers. Proceeds from the loan, which is likely to carry a 12-month tenor, would be used to fund the data center operator’s expansion in Thailand, the people said. The talks are...
Bain Capital -owned Bridge Data Centres is in talks with lenders for a potential loan of up to $6 billion, according to people familiar with the matter, in what would be one of the largest-ever borrowings in Asia for data centers. Proceeds from the loan, which is likely to carry a 12-month tenor, would be used to fund the data center operator’s expansion in Thailand, the people said. The talks are ongoing and details could change. BDC’s funding plans underscore how the artificial intelligence boom remains a key driver of debt deals in the Asia-Pacific region, fueling a wave of big ticket financings — even as some investors grow anxious about the potential impact. Its Singapore-based peer DayOne Data Centers Ltd. is seeking to double an existing loan to as much as $7 billion in what would be the largest facility for the sector by any firm in Asia. Earlier this month, BDC unveiled plans to invest up to S$5 billion ($3.9 billion) to boost its operations in its home base of Singapore. The firm has already secured water supplies to help sustain a planned campus in Thailand. BDC declined to comment. Moody’s Ratings expects at least $3 trillion to flow into data-center-related investments over the next five years, with much of the spending to be financed through debt. Still, the scale of the lending has sparked concerns on Wall Street about whether the industry will be able to deliver sustainable returns despite all the cash pouring in. Data Center Firm DayOne Seeks to Boost Loan to Record $7 Billion Warburg-Backed PDG to Raise $5 Billion in Debt for Data Centers Blue Owl’s Stack Adds to AI Debt Rush With $2.1 Billion Loan BDC is a unit of Wintrix, formerly known as Chindata Group Holdings Ltd. , the Chinese data center operator that Bain Capital took private in 2023 in a deal worth about $3.2 billion. Last year, the Singapore-based firm secured a $2.8 billion loan for its operations in Malaysia, its largest-ever lending facility at the time.
Jeremy Edwards/iStock Unreleased via Getty Images The surge in Brent oil prices above $100, now sustained for over a week, has shifted the macro narrative from a temporary geopolitical shock to a potentially persistent inflation risk. While markets remain split, with equities signaling resilience and rates pricing caution, the Federal Reserve faces a more complex trade-off between supporting growt...
Jeremy Edwards/iStock Unreleased via Getty Images The surge in Brent oil prices above $100, now sustained for over a week, has shifted the macro narrative from a temporary geopolitical shock to a potentially persistent inflation risk. While markets remain split, with equities signaling resilience and rates pricing caution, the Federal Reserve faces a more complex trade-off between supporting growth and containing inflation. Although our base case still anticipates rate cuts later this year, elevated energy prices are eroding confidence in that outlook. Crude oil prices Brent, daily, dollars per barrel, January 2024–present A severe disruption to Middle East energy flows has delivered a historic supply shock. Transit through the Strait of Hormuz - accounting for roughly 30% of global seaborne oil - has effectively halted. Brent crude oil prices have surged, holding near or above $100 for more than a week. This shock is proving far more persistent than initially anticipated. Market reactions have been uneven. U.S. equities have shown relative resilience, reflecting the economy’s lower sensitivity to higher oil prices as a net energy exporter. By contrast, rates markets have repriced more forcefully, with higher yields reflecting a reduced probability of Fed rate cuts. International markets, particularly in Europe and Asia, have faced greater pressure given their heavier reliance on imported oil and gas. For the Federal Reserve, the energy shock has raised inflation risks at a time when the labor market is showing signs of weakness. While the Fed typically looks through energy price spikes, sustained oil prices at elevated levels risk deanchoring inflation expectations—especially after several years of above target inflation—complicating the path to policy easing. Our base case still expects rate cuts later this year, but confidence in that outlook is fading. If energy prices remain elevated, the Fed’s tolerance for easing will likely diminish, raising the risk that fu...