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Gold Hits Record $4,000 As Global Uncertainty Spurs Surge

Gold Hits Record $4,000 As Global Uncertainty Spurs Surge

October 8, 2025 4:59 am

Gold prices have soared past the $4,000 mark an ounce, setting a historic record as investors scramble for safe-haven assets amid mounting economic and political uncertainty worldwide. The rally marks one of the most dramatic surges in decades, with gold climbing more than 25% since April, fueled by fears over trade tensions, financial instability, and political turmoil.

The US government shutdown, now entering its second week, has further amplified investor anxiety. Delays in key economic data have left markets uncertain, prompting more individuals and institutions to turn to gold as a store of value. Spot gold — the price received …

Trump Backs Away From Talks As US Shutdown Drags On

Trump Backs Away From Talks As US Shutdown Drags On

October 7, 2025 5:50 am

US President Donald Trump appeared to offer an opening for negotiations with Democrats over healthcare subsidies to end the ongoing government shutdown — before quickly reversing his position.

The shutdown, now in its seventh day, stems from a bitter dispute over healthcare policy and federal funding. Trump blamed Democrats for the stalemate, saying in a post on Truth Social that they must first allow the government to reopen before any “substantive” discussions can begin.

“I am happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open. In …

Asian Markets Gain Ahead Of Fed Rate Cut Decision

Asian Markets Gain Ahead Of Fed Rate Cut Decision

September 16, 2025 7:36 am

Asian stocks pushed higher on Tuesday, extending Wall Street’s record-breaking momentum, as traders prepared for what is widely expected to be a US interest rate cut this week. The move comes as investors also monitor potential talks between President Donald Trump and Chinese leader Xi Jinping.

The Federal Reserve’s policy decision, due Wednesday, is viewed as a near certainty, but market focus has shifted to the central bank’s “dot plot” projections for borrowing costs in the months ahead. Investors will also parse comments from Fed Chair Jerome Powell for signals on how aggressively the bank may ease policy as the …

Japan PM Ishiba Resigns Following Election Setbacks

Japan PM Ishiba Resigns Following Election Setbacks

September 7, 2025 10:30 am

Japan’s Prime Minister Shigeru Ishib announced his resignation on Sunday, less than a year after taking office, following two bruising election defeats that cost his Liberal Democratic Party (LDP) its long-held dominance.

The decision comes a day before the LDP was due to meet to consider a leadership vote that could have forced him out. Instead, Ishiba pre-empted the challenge by stepping aside, saying the timing was right after securing a trade deal with Washington.

“Now that a conclusion has been reached in the negotiations concerning the US tariff measures, I believe this is precisely the appropriate time,” the 68-year-old …

UK Warns Of Possible Attack In FCT, Restricts Access Embassy

UK Warns Of Possible Attack In FCT, Restricts Access Embassy

October 24, 2022 5:01 am

The government of the United Kingdom (UK), has updated its terrorism alert to citizens in Nigeria warning of potential attacks by terrorists. 

The UK cautioned of an increased threat of terrorist attacks in the federal capital territory (FCT).

UK citizens were advised to stay alert, “consider movements carefully, follow the local news and the advice of security authorities”.

The foreign travel advisory cautioned against visits to markets, shopping malls, hotels, bars, restaurants, football viewing centres, displacement camps, transport terminals (including train networks), government buildings — and schools.

Read Also: Terrorists Are Not Giving Us Breathing Space – Benue CAN

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Iran Helping Russia ‘On The Ground’ In Crimea - White House

Iran Helping Russia ‘On The Ground’ In Crimea – White House

October 21, 2022 2:30 am

Iran has been accused by the White House of being ‘directly engaged on the ground’ in Russian-occupied Crimea amidst the ongoing war in Ukraine, helping to train the country’s forces on Iranian-made drones that have been used in attacks on Ukraine.

A spokesman for US National Security Council, John Kirby on Thursday posited that a ‘relatively small number’ of Iranian personnel are operating in the Ukrainian region that was annexed by Russia in 2014.

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‘Tehran is now directly engaged on the ground and through the provision of weapons that are impacting civilians and civilian infrastructure in Ukraine,’ …

Iranians Lambasts Biden Over ‘interference’, Hold Protests

Iranians Lambast Biden Over ‘Interference’, Hold Protests

October 17, 2022 6:08 am

Iran citizens on Sunday shrugged off what it described as US President Joe Biden’s ‘interference’ in the month-old protests since the report of the death of Mahsa Amini in the custody of the morality police.

Foreign affairs spokesman Nasser Kanani on Monday wrote on Instagram; ‘Iran is too strong for its will to be swayed by the interference … by a politician tired of years of failure’.

‘We will together defend the independence of Iran.’

Read Also: Biden Vows To Deal With Saudi Arabia After Oil Output Cuts

Recall that Biden had said Friday that ‘we stand with the citizens, …

Biden Vows To Deal With Saudi Arabia After Oil Output Cuts

Biden Vows To Deal With Saudi Arabia After Oil Output Cuts

October 13, 2022 7:03 am

The President of the United States, Joe Biden has sent out a very stern warning to Saudi Arabia that there will be ‘consequences’ after a global cartel of oil-producing countries which is led by the kingdom and Russia announced that they would cut oil production despite Washington’s objections.

While making his remarks on Tuesday come a day after influential Democratic Senator Bob Menendez, the chairman of the Senate Foreign Relations Committee, said the US must immediately freeze all cooperation with Saudi Arabia, including arms sales.

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‘There’s going to be some consequences for what they’ve done with Russia,’ …

White House Berates Arizona's Ruling On Abortion Ban

White House Berates Arizona’s Ruling On Abortion Ban

September 25, 2022 7:12 am

The White House on Sunday berated a court ruling in Arizona which has now imposed a near-complete ban on abortions in the southwestern US state describing it as ‘catastrophic, dangerous and unacceptable.’

Africa Daily News, New York recalls that on Friday, a judge in Arizona’s Pima County had in a ruling ruled stated that a stricter ban — first imposed in 1864, before Arizona was a state — must be enforced.

‘If this decision stands, health care providers would face imprisonment of up to five years for fulfilling their duty of care; survivors of rape and incest would be forced …

Detroit Police Orders Manhunt After Gunman Randomly Killed 3

Detroit Police Orders Manhunt After Gunman Randomly Killed 3

August 29, 2022 5:03 am

Police in the US city of Detroit has launched a manhunt to search for a suspect who was believed to have shot four people at ‘random’, killing three of them, authorities have stated.

The Midwestern city’s police chief, James White who spoke to the press on Sunday revealed that the first three victims — two women and a man — and they were said to have been shot multiple times in separate locations around the city in the early hours of the morning.

A fourth man spotted the suspect peering into car windows and told him to stop, White added. …

$23m Abacha Loot SERAP Writes Buhari, Demands Details

$23m Abacha Loot: SERAP Writes Buhari, Demands Details

August 29, 2022 4:00 am

As the plans by the United States government repatriate the over $23 million looted by the late dictator Sani Abacha, the Socio-Economic Rights and Accountability Project (SERAP) has written to the federal government demanding a copy of the agreement.

Africa Daily News, New York recalls that last Tuesday, Nigeria and the United States had struck an agreement on the return of over $23 million of the Abacha loot.

Meanwhile, less than five days after, the rights group wrote a letter to President Muhammadu Buhari, asking him to “direct the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) …

China Validates Death Sentence For US Citizen Over Murder

China Validates Death Sentence Of US Citizen Over Murder

August 26, 2022 7:38 am

A Chinese court has upheld the death penalty for a US citizen over the murder of his girlfriend, calling the conviction ‘accurate’ and sentence ‘appropriate’.

Shadeed Abdulmateen had been found guilty in April of stabbing the 21-year-old woman in the face and neck multiple times when they met to talk about disagreements in their relationship.

Africa Daily News, New York gathered that he had at that point appealed against the death sentence handed to him.

But a higher court in eastern China on Thursday rebuffed Abdulmateen’s appeal, according to an official statement.

Read Also: Bandits, Kidnappers To Face Death Penalty

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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