Tag: United States

Asylum seeker jailed for 29 years for stab murder
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Asylum Seeker Jailed for Life for Brutal Murder of Hotel Worker

An asylum seeker has been sentenced to life in prison for the…

Title: The Fascinating World of Yorkshire Bottle Digging
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The Fascinating World of Yorkshire Bottle Digging

Uncovering History: Yorkshire Bottle Diving Hobby Gains Popularity A chance find led…

10 of the best films to watch this February
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Best Movies to Watch in February 2026: From Wuthering Heights to Scream 7

Are you looking for top movies to watch in February? These movies, from…

Polar bears on Norwegian islands fatter and healthier despite ice loss, scientists say
Weather

Polar Bears in Svalbard Growing Fatter Despite Sea Ice Loss

Polar Bears are getting fatter in Svalbard Scientists who studied polar bears…

Rain and Snow Raise Flood Risk in UK After Storm Chandra
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Rain and Snow Raise Flood Risk in UK After Storm Chandra

UK Flood Threatened by Rain and Snow Following Storm Chandra, flooding continues…

Bomb Cyclone to Bring Another Round of Snow to Eastern US
United StatesWeather

Bomb Cyclone to Bring Another Round of Snow to Eastern US

Another Winter Storm Hits the Eastern US Parts of the United States…

Carrick not ruling out Man Utd deadline day moves
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Carrick Hints at Manchester United Transfers Ahead of Deadline

Manchester United interim head coach Michael Carrick has not ruled out further…

Djokovic Survives Sinner to Reach Australian Open Final
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Djokovic Survives Sinner to Reach Australian Open Final

Djokovic, who was facing Italian Jannik Sinner in the final, overcame a…

Music legend Fela Kuti becomes first African to get Grammys Lifetime Achievement Award
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Fela Kuti Becomes First African to Receive Grammy Lifetime Achievement Award

Nigerian star of global music album Best Global Music Album was also…

Gold hits record highs amid political tensions The gold price soared to $5,500 per ounce on Monday for the very first time, before briefly falling back. Silver prices also rose, with an ounce trading for around $98. This is up from $38 a year earlier. As global uncertainties continue, investors are turning to precious metals for a haven. Investors are wary of Trump's policies US President Donald Trump’s trade policies are causing market uncertainty. The uncertainty caused by his tariffs against multiple countries, and the threats he made over Greenland has pushed investors towards gold. Gold is seen as safer than the risks associated with US fiscal and foreign policy, say analysts. Emma Wall, Chief Investment Strategist at Hargreaves Lansdown says that gold jumps whenever the world is chaotic. Precious metals have become more appealing due to the ongoing tensions in Europe, China and the Middle East as well as US political instability. Demand for Geopolitical Conflicts Increases Gold prices have risen due to the wars in Ukraine, Gaza and Venezuela. The geopolitical developments eroded investor confidence in the US Dollar, leading them to look for security in metals. Bloomberg's chart shows that gold and silver are up by 80%, respectively 214% since a year earlier. The US dollar index is down 10%. Central Banks and New Buyers Help the Rally Gold is being bought by central banks to decrease their dependence on the US Dollar. Gold is a safe haven for nations who are worried about their US dollars being frozen. China is the top buyer, both by investors and individual buyers. Tether and other digital currency companies have purchased large amounts of reserves to add to the trend. What is the Reason for Gold Price Drop? Gold prices fell below $5,000 despite record highs after President Trump announced that Kevin Warsh would be nominated as Fed Chairman. Warsh's nomination is seen as a safe choice that will ease concerns over interest rate reductions and the dollar. Gold remains attractive to analysts due to geopolitical risk, tariffs and scarcity. Nicholas Frappell, of ABC Refinery, emphasizes the fact that gold's value is independent of debts and company performance. What to Take Away Gold's volatility in recent years shows its sensitivity to economic and political developments. Gold is still a safe investment, even though prices fluctuate.
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Gold Prices Soar Amid Global Uncertainty, Then Fall Slightly

The gold price soared to $5,500 per ounce on Monday for the…

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