Gold rallies to one more document excessive at a time of rising uncertainty on a number of fronts. “Sturdy ETF demand stays key, pushed by ‘FOMO’ and eroding belief in conventional protected havens,” mentioned Ole Hansen, head of commodity technique at Saxo Financial institution, including that central financial institution demand and decrease bond yield are additionally components.
The continuing US authorities shutdown is fueling uncertainty, economists advise. “It provides to threat and uncertainty at a most inopportune time,” mentioned Mark Hamrick, senior financial analyst at Bankrate. “Now we’re all primarily trying by way of a fog.”
Renewable vitality overtakes coal as largest supply of electrical energy on this planet, in line with the worldwide vitality assume tank Ember. Creating international locations, particularly China, are main the clear vitality revolution as richer nations, together with the US and EU, nonetheless rely extra on fossil fuels for electrical energy technology.
Consulting agency Deloitte introduced a deal to make use of Anthropic’s synthetic intelligence assistant Claude to its greater than 470,000 staff around the globe. Deloitte provides consulting, tax and audit providers and is likely one of the 300,000 enterprise prospects utilizing Anthropic.
US 10-year Treasury yield continues to commerce in decrease vary for yr throughout authorities shutdown:
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