Gold prices in UAE remained stable; central banks increased reserves, influencing prices amid economic and geopolitical factors.
The PBOC sets a daily yuan midpoint, allowing a +/- 2% trading band, with interventions to manage volatility.
China urges dialogue, rejects threats, and seeks fair trade while reaffirming sovereignty and mutual respect amid tariffs.
David Solomon believes a U.S. recession by 2025 is unlikely but possible, highlighting fiscal spending’s economic impact.
Gold prices rebounded over 1% as geopolitical tensions and falling Treasury yields boosted safe-haven demand.
Japan’s finance minister Kato stated they are not devaluing the yen, citing monetary policy as the cause.
South Korea’s service sector declined, AUD struggles, Gold remains pressured, and Ethereum drops amid market uncertainty.
Japan’s January unemployment rate is 2.5%, exceeding expectations. The job-to-applicant ratio rises to 1.26 amid economic concerns.
South Korea’s industrial output improved to -2.3% in January, indicating ongoing challenges for economic recovery and manufacturing.
Atlanta Fed GDP Tracker plunges to -2.8%, marking a steep drop. Next update expected Thursday.
