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Gold Prices Soar to Record High Amid Global Economic Uncertainty
Gold has surged to an all-time high, with spot prices reaching $3,508.50 per ounce on Tuesday, as investors flock to the precious metal in search of stability during global economic turbulence.
The price of gold has climbed nearly one-third since the start of the year, driven by trade tensions, political risks, and expectations of lower U.S. interest rates. Traditionally considered a safe-haven asset, gold’s rally accelerated earlier this year after U.S. President Donald Trump imposed sweeping tariffs that rattled global trade.
Analysts say concerns over the independence of the U.S. Federal Reserve have also bolstered demand. Trump has repeatedly criticized Fed Chair Jerome Powell and recently attempted to dismiss one of its governors, fueling fears of political interference. Derren Nathan of Hargreaves Lansdown noted that these actions are “driving renewed interest in safe haven assets including gold.”
European Central Bank President Christine Lagarde warned on Monday that undermining the Fed’s independence would pose a “very serious danger” to global economic stability, potentially triggering ripple effects across markets worldwide.
Adrian Ash, director of research at BullionVault, linked the price surge directly to Trump’s policies: “It was really the U.S. election last year that lit the fire under it.”
Unlike previous surges, where high prices discouraged buyers in major jewellery markets such as China and India, this rally has seen continued demand. Consumers in these countries are turning to investment-grade products like bars and coins, rather than reducing purchases.
Suki Cooper, a precious metals analyst at Standard Chartered, added that geopolitical uncertainty—including Russia’s invasion of Ukraine—combined with inflationary pressures and supply chain disruptions, has further lifted gold. A weaker U.S. dollar earlier this year also made gold more appealing to investors.
With multiple global pressures converging, analysts suggest gold’s momentum could continue as investors seek safety in uncertain times.
Ghanaian forward Antione Semenyo has been on target for Manchester City in their 2-2 draw over Tottenham Hotspur in the English Premier League.
The game kicked off at the Tottenham Stadium on Sunday as both teams shared the points.
Midfielder Rayan Cherki found the net in just 11 minutes of the game before Semenyo delivered from Silver’s pass, doubling the lead for the visitors.
Spurs came back dominating the second half, resulting in Dominic Solanke’s goal in the 53rd minute, giving the host hope for a possible comeback.
Solanke completed his brace for Conor Gallagher assist, giving the host the equaliser and secured a point after the game.
Semenyo has been an outstanding signing in January for the Manchester side, scoring four goals and an assist in five appearances.
The 26-year-old forward who joined City from AFC Bournemouth is expected to continue his form to be able to make Black Stars squad for the upcoming International break and the FIFA World Cup in Mexico, USA and Canada.
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Ghana Premier League: Sherif Mohammed late goal earns Vision FC a point against Dreams FC
Vision FC forward Mohammed Sherif Iddrisu’s late goal has earned his side a point against Dreams FC after 2-2 draw in the Ghana Premier League.
Forward John Antwi hit brace scoring in the 24th and 35th minute, giving the visitors the lead in the first half at the Nii Adjei Kraku stadium in Tema Newtown.
Midfielder Nana Kwesi Amoah pulled one back for the host in the 45th minute, ending the first half with hope for a comeback.
The Still Believe lads started a good second half, holding the ball more at the host side but failed to find the back of the net.
The Ewoo Kɛkɛ lads got late equaliser and secured a point against Dreams FC through Mohammed Sherif Iddrisu, who came off the bench to score.
The draw has moved Dreams FC to 9th position with 26 points after 21 games in the Ghana Premier League campaign.
Vision FC found themselves 13th with 24 points in the league standings.
Dreams FC will be hosting Karela United in their next league fixture while Vision faces struggling Eleven Wonders at the University of Ghana Stadium.
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Ghana Premier League: Nations FC Razak Simpson’s brace ends Medeama SC unbeaten Streak
Nations FC Razak Simpson has been on target twice, ending Medeama SC 17 games unbeaten Streak after 2-1 victory in the Ghana Premier League competition.
The Eagles pick all points after a successful comeback on Friday afternoon at the Dr. Kwame Kyei Sports Complex in Abrankese.
Kingsley Braye hits the net in the 8th minute, giving the visitors early lead.
Defender Simpson set in with a set piece header, founding the back of the net with the equaliser in the 20th minute, starting the comeback process.
He doubled the lead from a spot kick, giving the host a comfortable lead in the 43rd minutes, earning them all the three points.
In the second department of the game, both teams created decent chances but failed to hit the net.
The Mauve and Yellows came close to a goal in the 80th minute but Prince Owusu failed to convert the ball to the net.
Despite the defeat, Medeama SC still remains League leader with 43 points after 21 games in the ongoing Ghana Premier League campaign.
The Victory moves Nations FC to 8th position with 27 points on the league log.
The Kumasi based side will travel to Hohoe in their next league fixture whiles Medeama SC host Aduana FC at the T&A Stadium in Tarkwa.
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