Gold Rally; Final Push For Gaza Deal | Horizons Middle East & Africa 10/08/2025
Spot gold prices climb to above $4,000 an ounce for the first time ever. Also on the show: Bloomberg has learned Elon Musk’s xAI is raising more financing than planned, tapping backers including Nvidia; senior officials from the US, Qatar, Israel and other nations head to Egypt for Gaza talks with Hamas; tentative ceasefire has been reached in Kurdish-majority neighborhoods of the northern Syrian city of Aleppo; Kenya has converted its Chinese railway loans from dollars to yuan. Guests include: Paul Mackel, HSBC, Global Head of FX Research; Mike Coop, Morningstar Investment Management, EMEA CIO.
Chapters:
00:07:40 – Paul Mackel, HSBC, Global Head of FX Research
00:15:36 – Final push for Gaza deal underway in Egypt
00:18:55 – Tentative ceasefire reached in Syria’s Aleppo
00:29:07 – Mike Coop, Morningstar Investment Management, EMEA CIO
00:37:24 – Nvidia to invest in xAI as part of $20B funding
00:41:21 – Kenya saves $215M by swapping loan to yuan
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