Gold climbed to another record high, scaling the unprecedented $4,700 an ounce milestone as escalating geopolitical tensions boosted safe-haven demand, while silver also broke above $95 for the first time.
London shares fell as U.S. President Donald Trump’s tariff threats against Britain and seven other European nations sent shockwaves through global markets, though a bright spot emerged as insurer Beazley surged to a record high on a sweetened takeover bid from Zurich Insurance.
Global stocks dropped and the dollar eased against the safe-haven yen and Swiss franc after U.S. President Donald Trump threatened additional tariffs on goods imported from European nations that oppose his planned takeover of Greenland.
Crypto investment products continued gathering steam last week, with fund inflows outpacing every other week in 2026 so far and marking the largest gains since October. Crypto exchange-traded products drew $2.17 billion of inflows last week, European crypto asset manager CoinShares reported.
U.S. stocks ended nearly flat in a choppy session ahead of the long weekend, and all three major indexes posted losses for the week as Q4 earnings season kicked off. Investors were also cautious of making big bets ahead of the long weekend, with the stock market shut today for the Martin Luther King Jr. holiday.
Oil prices settled higher to end last week as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the U.S. and lingering worries about a possible U.S. military strike against Iran.
