Washington, Oct. 2025 – Gold prices inched higher on Monday after a record rally, as expectations of more U.S. rate cuts and safe-haven demand from the ongoing government shutdown supported sentiment, while investors awaited cues from upcoming U.S.-China trade talks. Spot gold was up 0.1% at $4,254.59 per ounce, as of 0801 GMT. U.S. gold futures for December delivery climbed 1.3% to $4,268.40 per ounce. Spot silver rose 0.2% to $51.97, recovering slightly after falling 4.4% on Friday after hitting a record high of $54.47 earlier that day. “We’re …
Trump imposes additional 100% tariffs on Chinese mineral exports
Washington, Oct. 13, 2025 – U.S. President Donald Trump revived the trade war against Beijing on Friday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China curbing its critical mineral exports. The president unveiled additional levies of 100% on China’s U.S.-bound exports, along with new export controls on “any and all critical software” by November 1, nine days before existing tariff relief is set to expire. Trump also called into question the prospects for a previously announced meeting set …
Gold hits highest ever price as investors fear the US economy is in trouble
New York – Gold futures rose above $4,000 per ounce for the first time as investors continue to seek a safe haven for their money with the U.S. government essentially shut down. As of 9:10am ET, gold futures traded at $4,003 in New York. The going price for New York spot gold rose to $3,960.60 per troy ounce – the standard for measuring precious metals. Gold sales can rise sharply when anxious investors seek secure investments for their money. Before Tuesday, the asset – and other metals, like silver …
Oil edges higher on concerns over potential Russian export disruptions
London, Oct 2, 2025 – Oil prices edged higher on Thursday following losses in the previous three sessions as concerns about more disruption to Russian crude exports lent some support, though concerns about oversupply in the market capped gains. Brent crude futures gained 14 cents, or 0.2%, to $65.49 a barrel at 0749 GMT. U.S. West Texas Intermediate crude climbed by 14 cents, or 0.2%, to $61.92 a barrel. “There is some concern in the market again that Russian oil could get disrupted,” said Giovanni Staunovo, commodity analyst at UBS. …
Gold surges to record on weaker dollar, US shutdown risk
London, Sept. 29, 2025 – Gold climbed to a record above $3,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown. Bullion rose as much as 1.4% to an all-time high of $3,812.05 an ounce — eclipsing a peak reached last Tuesday — after notching six straight weekly gains. Silver increased as much as 2.4%, while platinum and palladium also rallied strongly, with gains underpinned by persistent market tightness and inflows into exchange-traded funds backed by the metals. The …
Tinubu calls for overhaul of global financial architecture on Africa’s mineral resources
New York, Sept 34, 2025 – President Bola Tinubu has called for overhaul of the global financial architecture governing Africa’s mineral resources. Tinubu, represented by Vice-President Kashim Shettima, made the call at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in Africa at the 80th Session of the United Nations General Assembly, New York City. Tinubu said it was time for African nations to not only finance their own mineral sectors, but also to assert greater influence and control over the global supply chains …
CPPE commends CBN for easing credit conditions, describes decisions as timely intervention
Lagos, Sept. 23, 2025 – The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) and its Monetary Policy Committee (MPC) for their recent decisions to ease credit conditions in the Nigerian economy. Muda Yusuf, its Chief Executive gave the commendation in a statement issued in Lagos on Tuesday. It said the decisions marked a significant policy shift toward supporting growth and investment, following an extended period of aggressive monetary tightening to rein in inflation. At its meeting on Tuesday, …
Gold hits fresh record as traders wait for US rate-path clues
Washington, Sept. 22, 2025 – Gold hit a fresh record amid growing optimism about the outlook for US monetary policy, as investors looked ahead to a key inflation print that may give policymakers room to lower rates. Silver extended gains to reach the highest in more than nine years. Bullion rose as much as 0.9% to $3,719.95 an ounce on Monday, eclipsing an all-time high set last week after the Federal Reserve on Wednesday reduced rates for the first time since December. Lower rates benefit non-interest-bearing precious metals. Silver rallied …
Nigeria records N12.64trn trade surplus in H1 2025
Abuja, Sept. 16, 2025 – Nigeria recorded a trade surplus of N12.64 trillion in the first half of 2025. The National Bureau of Statistics (NBS) disclosed this in its latest report on Nigeria’s foreign trade just released in Abuja. The trade surplus represented a 54.6% increase over the N8.17 trillion surplus recorded in corresponding period in 2024. The report said the trade surplus widened on a quarterly basis from N5.17 trillion in Q1 2025 to N7.46 trillion in Q2 2025. It reported that Nigeria’s crude oil export, however, dropped to …
Gold climbs to fresh record after bets on Fed rate cuts surge
Washington , Sept. 8, 2025 – Gold hit a fresh record on Monday, bolstered by an unexpectedly weak US employment report that saw wagers increase on the Federal Reserve cutting interest rates. Bullion rose around 0.5% to more than $3,604 an ounce, narrowly higher than the previous record set on Friday when it rallied as much as 1.5%. A pivotal US payrolls report showed a slowdown in hiring, while unemployment increased to the highest level since 2021. That saw swaps traders boost bets on interest rate cuts, and they are …