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programme. "there will no be default." those were the words of president biden on thursday as he hailed what he called "productive" talks with his political rivals — as the clock ticks on the country's finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mo...

ALBAWABA – Gold, which is up about 16 percent since the start of the year, has started the week with a magnificent drop in price, as investors weigh in

Chinese people have started a gold rush as property crashes. Sales of gold, silver, and jewellery have been brisk for months

The gold rally, triggered by bets on the US Federal Reserve's pivot to looser monetary policy, was fueled by investment funds and algorithmic traders, while central banks, especially China, continued to make massive purchases. Geopolitical risks further supported the rally as gold prices reached record highs. After months of mostly treading water, the gold market suddenly sprang to life last Friday. Prices breached Decembers record on Tuesday and have jumped to successive daily highs ever since.

Gold prices finished higher Thursday, as analysts looked to a “confluence of factors” poised to lift prices for the metal beyond a record high.