FUNDAMENTALSSpot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the ‌previous session. ‌Bullion scaled a record high of $5,594.82 on Thursday.U.S. gold futures for April delivery climbed 4.5% to $4,859.30 ‌per ounce.The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.Live EventsThe government partially shut down on Saturday ​a ...

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, U.S., on Friday, April 25, 2025.Markets got what they wanted.U.S. President Donald Trump tapped Kevin Warsh to lead the Federal Reserve, and investors exhaled. Markets were reassured by Warsh's experience in the central bank — he served between 2006 and 2011, a period marked by the Global Financial Crisis — and the perception that he w ...

Market Overview - Asia-Pacific markets mostly declined as investors reacted to geopolitical tensions involving the Trump administration's threats toward Greenland and anticipated key economic data from China [1][2] - The Hong Kong Hang Seng index futures were at 26,640, lower than the last close of 26,844.96, while Japan's Nikkei 225 fell by 0.85% and the Topix decreased by 0.46% [3] - South Korea's Kospi bucked the trend with a slight increase of 0.18%, while the small cap Kosdaq dropped by 0.15% [3] - Australia's S&P/ASX 200 started the day 0.19% lower [3] Economic Data - China is set to release its fourth-quarter GDP numbers along with December figures for retail sales, urban investment, and industrial output, which are critical for assessing economic performance [2] Commodity Prices - Both silver and gold prices reached record highs, with silver up over 4.17% to $93.7 per ounce and gold trading 1.8% higher at $4,676.94 per ounce [4] U.S. Market Performance - The S&P 500 ended just below the flatline, marking a losing week, while the Nasdaq Composite inched down by 0.06% and the Dow Jones Industrial Average fell by 0.17% [4] - The major indexes hit session lows following comments from President Trump regarding the potential Fed chair nomination, which affected market sentiment [5]