S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketGold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce. This recovery comes amid ongoing market dynamics and investor sentiment. UOB Group’s Global Economics & Markets Research Team highlights the importance of gold’s price movements in the current economic landscape.
Gold prices recover from previous lows
“After two sessions of sharp declines, gold price rebounded strongly on Tue. By the end of the session, gold price rose by US$ 285.38 (6.1%) to US$4,946.76/ troy ounce, reversing all of Mon’s decline.”
“Silver also rebounded meaningfully by US$5.89 (7.4%) to US$85.16/troy ounce, just a silver below last Fri’s close but 27% off its peak on 28 Jan.”
“Overall, the trajectory of a weaker USD/Asia is clear and this is in line with the further strengthening of the CNY.”
