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UBS Calls Dollar ‘Unattractive’ As Gold Becomes A Preferred Reserve Asset

American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...
Currencies

US Dollar Now Effectively Replaced As World’s Reserve Currency by This Asset, According to Black Swan Author Nassim Taleb

Economist and best-selling author Nassim Taleb says a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency. In a new interview with Bloomberg, the Black Swan author says that the US dollar has lost its status as a reliable safe-haven asset, noting that people prefer to invest in the stock market rather than hold a currency that declines in value over time. He also says that America’s sweeping sanctions against Russia for its invasion of Ukraine marked the beginning of the end of the...
Stock Market

Dow futures jumps 265 points; UK Navy reports interference in Strait of Hormuz

Jun 16, 2025 3:19 PM ISTUS Stock Market Live: Ship Signal Jamming In Persian GulfNavigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, creating confusion in the shipping chokepoint as the fighting between Iran and Israel intensified. Starboard Maritime Intelligence and Bloomberg data showed vessels sailing impossibly straight lines in the region, zig-zagging across the water, or appearing onshore. The glitches — which have affected oil tankers, cargo ships, tugs and fishing boats among others since Friday —...
Stock Market

Dow falls more than 430 points after Israel strikes Iran, spiking oil prices

Jun 13, 2025 6:07 PM ISTUS Stock Market LIVE Updates: Airline Stocks Slide After Israel-Iran Strikes Shut AirspaceAirline stocks declined around the world on Friday after Israel launched airstrikes across Iran, forcing several countries in the Middle East to close their airspace to commercial flights.   Airlines were the worst-performing sector in Europe, with Air France-KLM, Deutsche Lufthansa AG and British Airways parent IAG SA sliding over 3%. Discount carriers Ryanair Holdings Plc, EasyJet Plc and Wizz Air Holdings Plc posted similar declines. In Asia, Japan Airlines Co. dropped 3.7%,...
Currencies

Gold price in India: Rates on June 13

Gold prices rose in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 9,480.17 Indian Rupees (INR) per gram, up compared with the INR 9,366.50 it cost on Thursday. The price for Gold increased to INR 110,593.10 per tola from INR 109,249.10 per tola a day earlier. FXStreet calculates Unit measure Gold Price in INR 1 Gram 9,480.17 10 Grams 94,818.31 Tola 110,593.10 Troy Ounce 294,868.70   Daily digest market movers: Gold price surges as the Greenback and US yields tumble The Greenback plunges...
Stock Market

S&P 500 rebounds as Oracle leads tech stocks higher; Trump calls Fed chief Powell ‘numbskull’

Jun 12, 2025 10:23 PM ISTUS Stock Market LIVE Updates: Trump Says US Government Will Get ‘Golden Share’ in US SteelUS President Donald Trump said the US government will retain a “golden share” in United States Steel Corp. after its purchase by Japan’s Nippon Steel Corp.   “We have a golden stock, we have a golden share, which I control, or a president controls,” Trump said Thursday at a White House event. “That gives you total control.”   Shares of US Steel surged as high as $54.13 after Trump’s comments,...
Stock Market

Dow futures up 160 points ahead of jobs data; Musk, Trump spar in public

US Stock Market Live: Futures on Wall Street are trading with some green after a disappointing session on Thursday. Currently, the Dow futures are up 60 points, while the S&P 500 futures are at the flat line. Nasdaq futures are down 50 points. The Dow Jones fell 100 points yesterday, while Tesla's crash weighed on the other two indices. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are trading with some green after a disappointing session on Thursday. The phone call between US...
Stock Market

Dow futures up 60 points ahead of jobless claims data, ECB rate decision

Jun 5, 2025 4:04 PM ISTUS Stock Market Live: US Treasury Yields Hold Steady After Sharp Drop on Weak Economic DataUS Treasury yields remained largely unchanged on Thursday after falling sharply the previous day due to weaker-than-expected economic indicators. The 2-year and 10-year yields each rose by less than one basis point, while the 30-year yield was flat at 4.89%. Wednesday’s decline followed data showing a surprise contraction in the services sector in May, with activity falling to 49.9%, below the 52.1% forecast. Additionally, private sector payrolls rose by just...
Stock Market

Dow futures up 80 points ahead of jobless claims data, ECB rate decision

Jun 5, 2025 2:55 PM ISTUS Stock Market Live: How Are Oil Prices FaringOil held a drop on signs Saudi Arabia is seeking another big production increase at next month’s OPEC+ meeting, in a bid for market share that could worsen a glut expected later this year. Brent traded below $65 a barrel after losing 1.2% in the previous session, while West Texas Intermediate was under $63. The kingdom wants the Organization of the Petroleum Exporting Countries and its allies to continue to add at least 411,000 barrels a day...
Currencies

Gold price in India: Rates on June 5

Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,297.71 Indian Rupees (INR) per gram, down compared with the INR 9,313.37 it cost on Wednesday. The price for Gold decreased to INR 108,443.00 per tola from INR 108,629.30 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,297.71 10 Grams 92,974.23 Tola 108,443.00 Troy Ounce 289,191.40   Gold daily market movers: XAU/USD soars as US Treasury yields plummet, weighing on the US Dollar Gold price rallies...
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