Gold Soars Above USD 4,000 as Markets Eye Global Turmoil
Markets and global events are in focus this week. Gold prices have soared above USD 4,000, driven by the ongoing US government shutdown and global turmoil. Meanwhile, tech giant Nscale has secured a significant investment, and the Dow Jones Industrial Average (DJIA) remains resilient. In sustainability news, the European Investment Bank (EIB) has backed a major Italian pharmacy project, while the EU's steel tariffs face criticism for potentially harming global trade.
Gold's rally continues, reaching above USD 4,000 this week. Market watchers attribute this to the ongoing US government shutdown and global economic uncertainty. Meanwhile, tech startup Nscale has announced a $433 million pre-Series C SAFE investment, building on its historic $1.1 billion funding round. This demonstrates renewed optimism in Europe's venture-capital market.
The Dow Jones Industrial Average (DJIA) has maintained its uptrend, despite recent volatility. While there's room for growth, the index's structure remains intact, buoyed by strong corporate earnings. Looking ahead, the Sustainable Development Impact Meetings 2025 and New York Climate Week 2025 are set to foster collaboration and innovation in sustainability.
In Europe, the EIB has provided 200 million euros to Banca Ifis to promote pharmacies in Italy. This financing agreement aims to support entrepreneurs and cohesion regions. However, it's important to note that the funding does not directly target the recycling industry, as previously reported. The EU's steel tariff protectionism, meanwhile, has been criticised for potentially harming global trade.
In summary, gold prices have hit a new high due to market uncertainty, while tech startup Nscale secures significant funding. The Dow Jones Industrial Average (DJIA) uptrend persists, and sustainability events are planned for the future. The EIB's Italian pharmacy project aims to boost entrepreneurship, but the EU's steel tariffs face criticism. As always, investors and stakeholders should stay informed about these developments.
