# Gold
Latest news and articles about Gold
Total: 3 articles found
China's Markets Steady as Tech and Aerospace Advance, Gold Surges and Platforms Trim Creator Tools
Chinese equities advanced broadly on February 3, buoyed by gains in space, photovoltaic and chip-related sectors while international spot gold spiked nearly 6%, lifting mining stocks. Key industrial developments included the first flight of a hybrid-propulsion unmanned transport aircraft and a private reusable rocket planned for mid-2026, amid renewed travel flows and provincial housing-stability measures.
Warsh Nomination and Dollar Surge Trigger a Global Sell-Off — Crypto and Metals Bear the Brunt
Markets roiled after President Trump nominated Kevin Warsh as his choice for Fed chair, sending the dollar higher and triggering a synchronized sell‑off across cryptocurrencies and precious metals. The move exposed thin liquidity and crowded positioning: bitcoin and ethereum fell sharply and metals suffered dramatic one‑day losses as traders repositioned for a potentially hawkish Fed.
Wall Street’s Triple Shock: Tech Sells Off as Bonds and the Dollar Diverge, Nvidia Loses Nearly $200bn Overnight
U.S. stocks tumbled, Treasury yields rose and the dollar weakened in a one-day market shock that left tech giants especially bruised. Nvidia lost roughly $195.6 billion in market value overnight, while gold surged as investors sought refuge from heightened volatility. The episode highlights how quickly gains in richly valued tech names can be reversed when yields rise and risk sentiment deteriorates, with potential spillovers to global markets and emerging economies.