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China among top gold buyers as bullion overtakes US Treasuries in global reserves: ECB
China is one of the world’s largest buyers of gold as central banks shift towards the precious metal, which has overtaken US Treasuries to become the world’s top reserve asset amid higher valuations and its appeal as a geopolitical hedge, the European Central Bank said. The world’s second-largest economy was the fourth-largest per-country buyer of gold in 2025 after Poland, Kazakhstan and Brazil, purchasing about 25 tonnes, the ECB stated. It estimated that China had bought more than 350...
Gold, silver and bitcoin fall as traders up Fed rate hike bets
Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment. ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce. U.S. gold futures also fell 2.2% to settle at $ 4,194.90/oz.
Brussels' datacenter efficiency scorecard may come with a credit warning
The European Union's proposed environmental rating system for datacenters could could carry significant credit implications for facility operators and their lenders when they are finally implemented. The European Commission published draft regulations in March proposing an A-to-G rating scale for datacenters based on energy and water efficiency. The system is intended to drive greater sustainability in an industry forecast to expand sharply over the next decade, fuelled by surging demand for...