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Spot gold and New York gold futures both fell below $4,500 per ounce, down 0.94% on the day. Traders have fully priced in a 25 basis point rate hike by the Federal Reserve by the end of 2026.

2026-05-22

Spot gold and New York gold futures both fell below $4,500 per ounce, down 0.94% on the day. Traders have fully priced in a 25 basis point rate hike by the Federal Reserve by the end of 2026.

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2026-05-22

DeepSeek’s founder Liang Wenfeng has informed potential investors in the startup’s ongoing 70 billion yuan ($10 billion) funding round that the company will prioritize groundbreaking research toward artificial general intelligence (AGI) over short-te

DeepSeek’s founder Liang Wenfeng has informed potential investors in the startup’s ongoing 70 billion yuan ($10 billion) funding round that the company will prioritize groundbreaking research toward artificial general intelligence (AGI) over short-term commercialization. Liang pledged to maintain the development of open-source models rather than focusing on monetization, contrasting with global peers shifting toward revenue generation. The funding round, which is in its final stages, could value the Chinese AI firm at approximately $45 billion to $50 billion. Prominent potential participants include Tencent Holdings, IDG Capital, Monolith Capital, and Beijing's state-backed National Artificial Intelligence Industry Investment Fund, the The latter of which is in talks to invest 10 billion yuan.
2026-05-22

S&P 500 FUTURES EXTEND GAIN TO 0.5%

S&P 500 FUTURES EXTEND GAIN TO 0.5%
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