Gold posted a weekly gain buoyed by increasing expectations of interest rate cuts by the U.S. Federal Reserve, while silver soared to a record high, bolstered by investment demand and a supply tightness,
Gold posts weekly gain on rate cut bets
Dollar falls versus Swiss franc after smaller-than-expected rise in US inflation, euro eases
The dollar lost ground against the Japanese yen and Swiss franc after data showed a lower-than-expected rise in U.S. inflation, while the euro eased after the European Central Bank held interest rates steady. The U.S. Consumer Price Index rose 2.7% year-on-year in November
Nike edges past quarterly revenue expectations
Nike edged past market expectations for quarterly revenue, helped by resilient demand for its running shoes amid a big marketing push to fend off stiff competition from upstart brands in North America.
Crypto losses near $3.4B as hackers went ‘big game hunting’
Crypto hackers focused on large crypto entities and personal crypto wallets this year, resulting in $3.4 billion in crypto losses in 2025 — the highest figure since 2022. Just three hacks in 2025, led by the $1.4 billion hack of crypto exchange Bybit, accounted for 69% of all losses from January through to early December
Sterling weakens after UK inflation data, dollar gains ahead of central bank decisions
Sterling fell after an unexpected drop in UK inflation all but guaranteed the Bank of England would cut interest rates, while the dollar rose as markets awaited central bank decisions and weighed commentary from Federal Reserve officials.
Binance mulls new US strategy, CZ potentially reducing stake
Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced.