IMF chief warns energy shock, public debt and AI boom threaten global growth – business live

AI desk brief

Gold is seeing a mixed but potentially supportive macro backdrop: oil has rebounded above $100/bbl on supply-disruption concerns, while European bonds rallied on Tuesday and French 10-year yields narrowed sharply from last week’s stress, a combination that can ease real-yield pressure if sustained. The dollar also steadied as the euro held just above $1.1250, but US Treasury yields were back up this morning, with the 10-year at 5.31%, keeping the near-term precious-metals impulse balanced ahead of the Fed minutes.

The broader risk tone is uneven: Asian equities are weaker, Wall Street sits at record highs, and UK gilt yields remain elevated at 5.37%. For metals, the key watchpoint is whether energy-driven inflation fears and softer bond yields outweigh firmer US rates; the Fed minutes later today are the main catalyst.