بنكي | BANKY

Rising Tensions Spark Gold’s Shine: Are Prices Heading Towards $3,500?

Gold Prices Retreat as U.S.-EU Trade Tensions Ease

Gold prices declined at the start of the week, retreating recent gains after U.S. President Donald Trump announced an extension of the deadline for reaching a trade agreement with the European Union to July 9. This decision effectively postponed his earlier threat to impose a 50% tariff on EU imports starting June 1.

CIB Kenya Hosts Exclusive “Koroga Dinner” in Eldoret to Honor New and Existing Clients

Japan’s Core Inflation Hits Highest Level in Over Two Years

Gold Shines Amid Rising Concerns Over Trump's Tax Bill Proposal

UK Inflation Surges to Highest Level Since January 2024 Amid Rising Living Costs

The United Kingdom experienced a sharper-than-expected rise in annual inflation in April, with the rate climbing to 3.5%, up 2.6% in March. This marks the highest reading since January 2024 and reflects growing cost-of-living pressures, according to the Office for National Statistics ONS.

Gold Hits One-Week High as Dollar Weakens and Economic Uncertainty Grows

Gold prices rose during Asian trading on Wednesday, reaching their highest levels in a week. The upward movement was driven by a weaker U.S. dollar and increased investor demand for safe-haven assets amid ongoing financial uncertainty in the United States, lawmakers are debating a comprehensive tax reform bill

Australia Cuts Interest Rates to Lowest Level in Two Years Amid Global Slowdown and Easing Inflation

Eurozone Growth Forecasts Cut Amid Escalating Global Trade Tensions

The European Commission has significantly downgraded its economic growth forecasts for the Eurozone for 2025 and 2026, citing escalating global trade tensions, primarily due to the comprehensive tariffs imposed by U.S. President Donald Trump.

Moody’s Downgrades U.S. Credit Rating, Sparking Political and Financial Controversy

credit rating agency Moodys downgraded the United States sovereign credit rating Aaa to Aa1 on Friday, citing high levels of public debt and interest costs that are significantly higher than those of similarly rated peers.

Gold Rises as Dollar Weakens and Trade Tensions Resurface

Eurozone Economic Growth Slows in Q1 Amid Trade Tensions and Geopolitical Challenges

Economic growth in the Eurozone came in slightly below expectations in the first quarter of the year, with GDP rising by 0.3% compared to the previous quarter, according to Eurostat. Initial estimates published on April 30 had indicated a 0.4% growth for the 20 countries in the Eurozone. Growth for the entire European Union 27 countries also remained steady at 0.3%.