Gold, silver hit record highs as Trump threatens fresh China tariffs

Gold prices scaled to another record high on Monday as investors revved up their safe-haven bets after U.S. President Donald Trumprenewed tariff threats against China, while expectations of U.S. interest rate cuts added to the metal's allure, Reuters reported.

Silver also jumped to an all-time peak, tracking gold's rally.

Spot gold was up 1.4% to $4,074.02 per ounce, as of 0825 GMT, after hitting a record $4,078.05/oz, according to Reuters.

Climate tipping points are being crossed, scientists warn ahead of COP30

Global warming is crossing dangerous thresholds sooner than expected with the world’s coral reefs now in an almost irreversible die-off, marking what scientists on Monday described as the first “tipping point” in climate-driven ecosystem collapse, Reuters reported.

The warning in the Global Tipping Points report by 160 researchers worldwide, which synthesizes groundbreaking science to estimate points of no return, comes just weeks ahead of this year's COP30 climate summit being held at the edge of the Amazon rainforest in Brazil.

That same rainforest system is now at risk of collapsing once the average global temperature warms beyond just 1.5 degrees Celsius based on deforestation rates, the report said, revising down the estimated threshold for the Amazon, according to Reuters.

Hamas hands over all remaining hostages to Israel, Trump says Gaza war over

Hamas handed over all 20 surviving hostages to Israel on Monday, a major step towards ending two years of devastating war in Gaza as U.S. President Donald Trump, who helped broker the truce, proclaimed it was "a great day," Reuters reported.

The Israeli military said it had received the remaining 13 hostages after a first batch of seven arrived earlier on Monday, announcements that prompted cheering, hugging and weeping among thousands waiting at Hostage Square in Tel Aviv.

"This is a great day. This is a new beginning," Trump said after arriving to a hero's welcome in Israel where he was addressing the Knesset before flying on to Egypt for a summit aimed at building conditions for a lasting peace in Gaza.

China’s exports to US drop in September, while rise in global shipments hits a 6-month high

China’s exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high, Associated Press reported.

Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion, surpassing economists’ estimates. That was markedly better than the 4.4% year-on-year increase in August.

Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption, according to Associated Press.