

Gold prices surged in Asian trading on Thursday, bouncing back from recent losses as ongoing uncertainties in the U.S.-China trade conflict and new tensions between Russia and Ukraine boosted demand for safe-haven assets.
SK Hynix, a major supplier of high-bandwidth memory (HBM) processors to Nvidia (NASDAQ: NVDA), reported a significant surge in quarterly profit, more than doubling its earnings. The company indicated that demand for AI chips remains strong, with only minimal impact expected from potential U.S. tariffs.
The Japanese Yen (JPY) maintains a bullish outlook heading into Thursday's European session, though it lacks momentum and remains near a one-week low against the US Dollar (USD) from the previous day. The fading optimism for a swift resolution to the US-China trade dispute, coupled with expectations of a trade deal between Japan and the US and speculation about more interest rate hikes by the Bank of Japan (BoJ), is supporting demand for the safe-haven JPY.
The American aircraft manufacturer revealed it has around 50 planes that need to be sold to other airlines, as Chinese customers have refused to take deliveries due to the imposed tariffs. Boeing's CEO, Kelly Ortberg, acknowledged that China is currently the main issue affecting the company and assured efforts to mitigate the impact of the situation on Boeing’s recovery.
Boeing has confirmed a growing trend of Chinese customers rejecting new jet orders, exacerbated by ongoing trade tensions between the U.S. and China. The issue underscores how the tariffs imposed during the U.S.-China trade war continue to affect the global aviation industry. For Boeing, already facing significant challenges, this rejection is a major blow in one of the world’s most important and rapidly growing aviation markets.
Alphabet (GOOG, GOOGL) is set to release its fiscal Q1 earnings after the bell on Thursday, marking the first major financial update since President Trump imposed tariffs on global trade partners.
Elon Musk has announced he’s stepping back from his role leading the Department of Government Efficiency (DOGE) next month to dedicate more time to Tesla, but many are questioning whether this move comes too late to undo the harm already done to the company.
The bank started announcing internal promotions on Monday, a person familiar with the situation revealed. This is part of the company's annual investment banking tradition that takes place every April. This year, 86 new Managing Directors (MDs) are joining the banking division, which includes M&A advisory and corporate lending, while another 32 are in markets.
The Australian Dollar (AUD) remained stable on Thursday, following two consecutive days of losses. The AUD/USD pair may experience gains as the US Dollar (USD) faces pressure, with the Federal Reserve's Beige Book indicating a weakening economic outlook.
Gold prices (XAU/USD) continue their decline for the second consecutive day on Wednesday, following a rejection from the $3,500 psychological level, a fresh record high. The price has dropped toward the $3,300 range as the safe-haven demand for gold recedes.