Gold hits record high amid geopolitical worries; Amazon takes creative control of James Bond – as it happened

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The gold price has hit a new all time high today, putting the $3,000 per ounce level within sight,Spot gold has gained 0,7% today to $2,954 per ounce, meaning it has risen by over 12% so far this year,Goldd is benefitting from rising trade tensions stirred up by Donald Trump, and by recent signs that inflationary pressures are rising,✨ Gold Hits Record High Amid Uncertainty ✨Spot Gold surged to a new all-time high of $2,954.

79, driven by uncertainty surrounding potential tariffs and the Russia-Ukraine peace deal.Volatility may persist until there’s more clarity on these developments.Meanwhile, Goldman… pic.twitter.com/OJBeZ1ds62Susannah Streeter, head of money and markets at Hargreaves Lansdown, says gold is benefitting from being a safe haven as traders mull the inflationary risks of US tariffs and geo-political risks.

Streeter adds:The precious metal is riding high at record levels amid concerns about Trump’s trade and foreign policy stances.Tensions remain high around talks over Ukraine after the US President referred to President Zelensky as a dictator.The US message that Europe should do more itself to counter military threats, is adding to concerns about a fracturing of solid defence relations.Geopolitical tensions have also pushed up demand for gold.Inki Cho, financial markets strategist consultant to Exness, says President Donald Trump’s recent announcement of a new 25% tariff on key imports, including cars, semiconductors and pharmaceuticals, sparked a “risk-off” dash into safer assets, adding:On the geopolitical front, the ongoing conflict between Russia and Ukraine adds another layer of complexity.

The US started negotiations with Russia, raising hopes for a resolution,Steady progress in negotiations could strengthen risk appetite, putting pressure on gold,Conversely, any setbacks may reinforce gold’s appeal as a safe-haven asset,Time to wrap up,…Gold has hit a new record high of $2,954 per ounce, as investors flock to safe-haven assets as geopolitical tensions rise,With relations between the US and Ukraine deteriorating, analysts suggest gold could soon hit the $3k/ounce mark.

Anxiety over the path of peace talks also hit the value of Ukranian government debt today,From gold to Goldfinger…,James Bond is now in the hands of a billionaire’s business empire,Amazon has struck a deal with Michael G Wilson, and Barbara Broccoli, the heirs to the legendary film producer Albert “Cubby” Broccoli, to take creative control of the spy franchise,The agreement will give Amazon “creative control” of the franchise, potentially opening the door to production starting on a long-awaited new film and also to a variety of spin-off TV shows for the Amazon Prime streaming service.

Diamonds aren’t forever for mining giant Anglo American, though – it has slashed the value of its De Beers division by $2.9bn, as it struggles to spin off the unit.UK bank Lloyds reported a 20% drop in profits this morning, due to an additional £700m provision for possible compensation payments in the motor finance scandal.This didn’t scare the living daylights off investors, though – Lloyds shares are up over 5% this afternoon.Major savings providers have pledged to fight any attempts to cut tax breaks on cash Isas, arguing that this is no time for them to die.

And Airbus has brought a quantum of solace to the aerospace sector, by saying it hopes to make 820 planes this year as the world’s biggest aerospace manufacturer attempts to overcome problems in its supply chain,Amazon’s shares aren’t getting a James Bond bounce – they’re down 1,4% in early trading,Here’s our news story on James Bond’s long-serving producers handing over control to Amazon:Film fans are reacting to Amazon’s takeover of the James Bond franchise, with some concerned that the US firm could now launch various streaming TV spin-offs:Huge news from EON!!!After a lifetime stewarding and protecting the #jamesbond film franchise Barbara Broccoli and Michael G Wilson are stepping back from producing the films and Amazon/MGM will lead James Bond into the future,As a result of a new joint venture pic.

twitter,com/mwZpb1CId4It’s kinda sad to see the last family-owned movie franchise handed over to the suits, and I’m sure Amazon MGM is salivating, BUT…DON’T cinematic universe James Bond,It is one of our last, great theatrical events,Don’t dilute that with a plethora of streaming spin-offs,pic.

twitter.com/1OZ4lHWv1Vthe end of the James Bond films is here as amazon takes over creative control.it was a good run for few decades.That Amazon MGM news about them having creative control over James Bond is terrible news.Can easily see them doing spin-offs and streaming shows based on other characters 😢 pic.

twitter,com/rh5EGkTplBHere’s Associated Press’s take on the Bond news:In a James Bond shakeup that stirred the film industry, Amazon MGM announced Thursday that the studio has taken the creative reins of the 007 franchise after decades of family control,Longtime Bond custodians Michael G,Wilson and Barbara Broccoli said they would be stepping back,Amazon MGM Studios, Wilson and Broccoli formed a new joint venture in which they will co-own James Bond intellectual property rights — but Amazon MGM will have creative control.

Financial terms weren’t disclosed.The deal is expected to close sometime this year.“With my 007 career spanning nearly 60 incredible years, I am stepping back from producing the James Bond films to focus on art and charitable projects,” Wilson said in a statement.“Therefore, Barbara and I agree, it is time for our trusted partner, Amazon MGM Studios, to lead James Bond into the future.”NEW YORK (AP) — James Bond film producers cede creative control of franchise to Amazon MGM after decades of family stewardship.

pic,twitter,com/7SHbGgP5boBig news in the movie world: Amazon has just announced it is taking creative control of the James Bond franchise,Amazon has formed a new joint venture with Barbara Broccoli and Michael G Wilson, whose Eon production company have produced the Bond films,This new venture will house the James Bond intellectual property rights, and remain co-owners of the franchise, but Amazon MGM Studios – formed when Amazon bought Bond’s parent studio in 2022 – will gain creative control.

This could potentially end the ongoing saga over who will replace Daniel Craig as the next James Bond and when the next film will be announced.Craig’s successor has yet to be announced, more than three years on from his final appearance as 007.Mike Hopkins, head of Prime Video and Amazon MGM Studios, says:“We are grateful to the late Albert R.Broccoli and Harry Saltzman for bringing James Bond to movie theatres around the world, and to Michael G.Wilson and Barbara Broccoli for their unyielding dedication and their role in continuing the legacy of the franchise that is cherished by legions of fans worldwide.

We are honoured to continue this treasured heritage, and look forward to ushering in the next phase of the legendary 007 for audiences around the world.”The new joint venture comes after a Dubai-based property developer filed claims in the UK and Europe challenging the James Bond franchise.As my colleague Mark Sweney reported last week, Austrian businessman Josef Kleindienst has filed a slew of “cancellation actions based on non-use” targeting the James Bond name.Barbara Broccoli, whose father Albert produced many of the Bond films, says:“My life has been dedicated to maintaining and building upon the extraordinary legacy that was handed to Michael and me by our father, producer Cubby Broccoli.I have had the honour of working closely with four of the tremendously talented actors who have played 007 and thousands of wonderful artists within the industry.

With the conclusion of No Time to Die and Michael retiring from the films, I feel it is time to focus on my other projects,”The Bond films were launched by Broccoli in 1962, before his daughter, Barbara, and stepson Michael Wilson, took over,In other gold news, exports of the precious metal from Switzerland to the United States hit a 13-year high in January,Swiss customs data shows that Switzerland saw a surge in gold transfers to the US in recent months,The move follows rrising concerns that Donald Trump could impose import tariffs on gold.

That has helped to widen the price premium between US gold futures and London spot prices, leading to more deliveries into the US,According to the Swiss data, gold exports to the US rose to 192,9 tons in January from 64,2 tons in December,That’s the highest monthly export total since at least 2012, Reuters reports.

Over in the US, the number of Americans filing new claims for unemployment benefits has risen, but remains historically low.There were 219,00 new initial claims for jobless support last week, an increase of 5,000 from the previous week.US initial claims for the week of February 15: claims increase to 219K from 214K.Continuing claims for the week of February 8 advanced to 1.85 million from 1.

845 million,There were 7,110 continued weeks claimed filed by former Federal civilian employees the week ending February…In the previous week, the number of initial claims filed by former Federal civilian employees rose by 14 to 613,That’s notably higher than a year ago, when federal employees file 382 initial claims – perhaps a sign of the early impact of Elon Musk’s department of government efficiency” (Doge)…,Major savings providers have pledged to fight any attempts to cut tax breaks on cash Isas amid reports that the government is considering a plan to slash the maximum amount people can put into them from £20,000 a year to £4,000,In recent weeks a row has broken out over whether ministers should scale back tax breaks on the popular savings accounts.

The chancellor, Rachel Reeves, is being lobbied by some fund managers to put more focus on the riskier practice of investing in the stock market as a way of boosting economic growth,Senior City executives have had meetings with Reeves, and at the most recent there were discussions about possibly limiting the cash Isa allowance to £4,000 a year, the Telegraph reported…,More here:Analysts are attributing today’s rise in the gold price to the deterioration in relations between the US and Ukraine,Daniela Sabin Hathorn, senior market analyst at Capital,com, explains:Recent developments have contributed to a cautious return of risk appetite in global markets.

Early attempts at peace talks in Eastern Europe have rekindled optimism, with the United States playing a crucial role in fast-tracking negotiations to resolve the prolonged conflict between Russia and Ukraine.Initial concerns that the US might exclude Europe and Ukraine from discussions were allayed after a meeting in Riyadh, where it was confirmed that European participation would be integrated at a later stage.Despite these positive signals, gold’s upward trend was briefly interrupted last week as broader market sentiment improved.However, ongoing uncertainty—exacerbated by unpredictable political figures and intermittent trade policy announcements—continues to bolster demand for safe-haven assets.For instance, recent tariff announcements by Donald Trump, including a 25% tariff on auto imports and similar measures on semiconductors and pharmaceuticals, have added to the market’s cautious tone.

And here’s David Morrison, senior market analyst at Trade Nation:Gold rallied again overnight, pushing to a fresh record high and trading above $2,950 for the first time ever,It continues to trade in ‘overbought’ territory as measured by the daily MACD [a technical indicator]But investors seem to be relatively unfazed by this, as the rally since the end of December has been steady and measured,In fact, this is the definition of a ‘stealth rally’, one which has brought a succession of record highs, yet has been largely ignored by investors,Perhaps the reason for this is that gold’s rally has been largely technical,Non-OECD central banks have been adding to their holdings for a while now, but this isn’t much of a story.

Now, there’s the uncertainty surrounding the actions of the Trump administration, with the possibility that tariffs, deregulation and tax cuts add to inflationary pressures.Couple that with Trump’s hostile attitude to President Zelensky of Ukraine, and his cosying up to Russian President Putin, and suddenly gold looks attractive as a potential ‘safe haven’ away from ‘overvalued’ US equities.Over in the US, shares in hypermarket giant Walmart have dropped 8% in pre-market trading as investors give its latest outlook the thumbs-down.Walmart has predicted it will grow its net sales by between 3% and 4% in the current financial year, disappointing analysts who had pencilled in a 4% rise.That would represent a slowdown compared with the last financial year, in which net sales rose by 5% to $674.

5bn,In the last quarter, revenues rose by 5,3%,Doug McMillon, president and CEO at Walmart, says:Our team finished the year with another quarter of strong results,We have momentum driven by our low prices, a growing assortment, and an eCommerce business driven by faster delivery times.

We’re gaining market share, our top line is healthy, and we’re in great shape with inventory.We’ll stay focused on growth, improving operating margins, and strengthening ROI as we invest to serve our customers and members even better.”German carmaker Mercedez-Benz has announced a new cost-cutting plan as it tries to ride out the shift to electric cars, and warned that profits will fall this year.Mercedez-Benz predicted today that earnings in 2025 will be “significantly below the previous year’s level”, due to the “challenging” market environment.The company also laid out a “roadmap for profitable growth”, which will include cutting production costs by 10% until 2027
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