Gold and silver slide deepens as rally loses steam
Decline in precious metals prices comes after nomination of Kevin Warsh as Federal Reserve chair
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Gold slides as rally loses steam
Investors say prices have become unmoored from fundamental demand
China’s factory activity grows at fastest pace since October, private survey shows, beating official reading
The RatingDog China General Manufacturing PMI, rose to 50.3 in January from 50.1 the previous month, in line with analysts’ expectations in a Reuters poll.
FirstFT: Xi Jinping calls for China’s renminbi to become global reserve currency
Also in today’s newsletter: India reveals its budget, and the latest release of Epstein files
Europe’s gas storage falls to lowest level since 2022
Harsh winter and policy changes push prices to 10-month high
Xi calls for China’s renminbi to attain global reserve currency status
Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex