Global equity markets paused after a strong rally, with US equities dipping slightly and bringing an end to a seven-day winning streak as Oracle’s weak cloud margins raised concerns about profitability in AI infrastructure. European stocks remained flat, though French luxury brands outperformed. Airbus broke a major commercial barrier when its A320 family of planes overtook the Boeing 737 to become the most delivered jetliner in history. In currencies, the yen and euro weakened amid political shifts, while the US dollar strengthened. Meanwhile, gold surged past USD 4000 per ounce, continuing its record-breaking run. To talk about what is behind the recent rally and the outlook for this precious metal, we are joined by Carsten Menke, Head of Next Generation Research. Also on the show today is Richard Tang, Head of Research Hong Kong, who shares his insights on Japan and China – and what recent developments mean for global investors.

• (00:00) - Introduction: Lucija Caculovic, Product & Investment Content

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