بنكي | GLOBAL

Gold Leads the Investment Scene Amid Trade Turbulence and Global Uncertainty

Several key factors have prompted major financial institutions to revise their gold forecasts upward. Notably, Citigroup raised its three-month price target for gold 3,150 to 3,500 per ounce. This upward revision reflects rising risks, including U.S. protectionist policies, budgetary concerns, and ongoing geopolitical conflicts in regions such as Ukraine and the Middle East.

Goldman Sachs: U.S. Tariffs to Have Temporary Inflationary Effect, Rate Cuts Still on the Table

Germany at a Crossroads: Fears of a Third Consecutive Year of Economic Contraction

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.