gold

Markets in Europe showed little movement on Monday after a broad rally in Asia.

US futures dipped, meanwhile, after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas.

Powell noted that the threat of a criminal indictment relates to his testimony about the Fed’s building renovations.

President Donald Trump insisted that he did not “know anything” about the investigation that escalates a nearly year-long feud between the government and the central bank.

When asked by NBC if the probe is intended to pressure Powell on rates, Trump said: “No. I wouldn’t even think of doing it that way.”

Trump has nonetheless criticised the $2.5 billion (€2.13bn) renovation of two Fed office buildings as excessive.

Gold and silver continue to rise

Markets appeared to take the news in their stride, although gold and other safe-haven assets climbed.

Gold vaulted over $4,600 an ounce, shooting up over 2.5%, and silver approached $85 for the first time, rising over 7%. Copper futures in the US jumped by 2.52% to $6.051.

Powell’s term as chair ends in May, and Trump administration officials have signalled that he could name a potential replacement this month. Trump has also sought to fire Fed governor Lisa Cook, another move that chips away at central bank independence.

Gold’s rise is also linked to unrest in Iran as nationwide demonstrations against leader Ayatollah Ali Khamenei enter a third week. More than 500 people have been killed during the demonstrations, according to the US-based Human Rights Activists News Agency, including 490 protesters.

President Trump said that he intends to intervene in the country if the Iranian government continues to kill protestors.

US futures dip lower

Futures for the S&P 500 dipped by 0.53% a few hours before daily trading started on Wall Street.

Futures for the Dow Jones Industrial Average fell 0.67%, while the Nasdaq composite index slipped 0.71% in pre-market trading.

Last Friday, US stocks hit records following a mixed report on the US job market. The data may delay another cut to interest rates by the Federal Reserve but does not entirely rule out the possibility.

The S&P 500 climbed 0.65% to 6,966.28, topping its prior all-time high set earlier in the week. The Dow Jones Industrial Average added 0.5% to 49,504.07 and likewise set a record. The Nasdaq composite led the market with a 0.8% gain, closing at 23,671.35.

The US Labor Department said employers hired fewer workers during December than economists expected, though the unemployment rate improved and was better than expected. An update on US inflation at the consumer level is due Tuesday, followed by a report on wholesale prices on Wednesday.

In other dealings early Monday, the dollar fell to 157.8180 Japanese yen, a daily drop of less than 0.1%. The euro climbed to $1.1691, a 0.49% rise.

US benchmark crude oil gave up early gains, falling to $58.91 per barrel. Brent crude, the international standard, dropped to $63.18 per barrel.

Rest of the world

In Germany, the DAX was nearly flat at 25,358.17, while France’s CAC 40 also showed modest movements, coming to 8,359.71 by mid-afternoon. Britain’s FTSE 100 edged less than 0.1% higher, to 10,127.05.

In Asian trading, Hong Kong’s Hang Seng gained 1.44% to 26,608.48, while the Shanghai Composite index jumped 1.09% to 4,165.29 after reports that Chinese leaders were preparing additional support for the economy.

In South Korea, the Kospi added 0.84% to 4,624.79 while Australia’s S&P/ASX 200 gained 0.48% to 8,759.40. Taiwan’s Taiex gained 0.92%.

LAAX, Switzerland — Two-time Olympic gold medalist Chloe Kim said Thursday that she dislocated her shoulder in training and doesn’t know whether she will be able to compete at the Winter Games in Italy next month.

Kim posted footage of her fall from earlier this week on the halfpipe in Laax, Switzerland, where the world’s top snowboarders compete later this month in a key pre-Olympic tune-up. She landed a jump cleanly but lost an edge and went skittering across the pipe, face down.

Kim, who did not say which shoulder she hurt, said she is “trying to stay optimistic” about competing at the Olympics but “[doesn’t] have much clarity now.” The 25-year-old said she has an MRI scheduled for Friday that will reveal the extent of the damage.

“The positive thing is, I have range, I’m not in that much pain. I just don’t want it to keep popping out, which has happened,” she said. “I’m just trying to stay really optimistic. I feel really good about where my snowboarding is at right now, so I know the minute I get cleared and I’m good to go, I should be fine.”

Kim’s absence would deprive the Winter Games of one of its biggest stars and one of its best storylines. She is trying to become the first action-sports athlete to win three straight gold medals. Shaun White took home three golds, but they were spread out over five Games.

Kim was the breakout star of the 2018 Olympics, a bubbly teenager taking gold in her parents’ home country of South Korea. Four years ago in China, she won again, with that victory punctuated by her messages about the ups and downs of success and fame.

If healthy, she would be the heavy favorite to win again, but this injury off “the silliest fall,” as she called it, puts all that in question. Qualifying for the women’s halfpipe begins Feb. 11.

The Laax Open is scheduled for next weekend, and even if Kim were to get a clean bill of health, there is a chance she would head into the Olympics without having competed in the final of a contest this season.

Kim qualified for the U.S. team last year and has kept a light schedule. She fell during warm-ups for the final in Copper Mountain, Colo., last month and pulled out after hurting her shoulder then, as well. That injury was not believed to be serious.

KYLIE Jenner has sent followers wild after posing in a series of eye-popping poolside bikini pics.

Beauty mogul Kylie shared the stunning snaps with fans on her social media displaying her enviable curves in a gold bikini.

The 28-year-old brunette bombshell – who has been busy putting rumours of a split with Timothée Chalamet to bed – took to Instagram to share a series of selfies while lounging by the pool.

Preened to perfection with a full face of make-up, the TV personality wore a metallic two-piece featuring a plunging neckline and matching drawstring bottoms.

Sporting light eyeshadow and mascara on the lashes, she completed the look with pink blush for a radiant glow on her cheekbones and a darker nude-coloured matte tint to her lips.

She styled her long, dark hair with a middle parting, sat on her shoulders in bouncy waves.

She commented on her post: “Ur so hot.”

Fans applauded: “2026 goals,” stunning” and “obsessed.”

Others condemned: “I’d be so embarrassed to pose like this and ask someone to take my picture and then be self-obsessed enough to post it online. Dreadful.”

“Hasn’t she ever heard of OnlyFans?” enquired a second.

“What happens when this woman can no longer post pictures like this for validation? It’s going to hit her hard when she has to be more than just her body!” ranted another.

The entrepreneur played the supportive partner this weekend, attending the 2026 Palm Springs International Film Festival Film Awards to cheer on boyfriend Timothée Chalamet.

The esteemed actor was honoured with the Spotlight Award for his role in Marty Supreme.

Although she skipped the red carpet, Kylie still made a major fashion statement inside the event.

The beauty icon wore a custom Ludovic de Saint Sernin creation – a shimmering, dark orange column dress covered in copper sequins.

The body-skimming design featured a plunging neckline and unique halter straps that criss-crossed at the collarbone.

She paired the look with a matching chrome orange manicure and wore her hair in signature voluminous waves, swept elegantly to one side.

One admirer penned: “Orange is the new love colour.”

“This glam is something else,” confirmed a second.

“You always know exactly how to own a moment,” praised a third.

However, the dramatic look divided fans. One commented: “Kylie used to be one of the best dressed in the family and ever since she got with Timothée her fashion sense has been on a steep decline.”

A second agreed: “She wants her boobs to be the focal point of every outfit. It’s a shame because I agree she could pull off some really gorgeous looks. I’m not saying it’s bad to show cleavage but she doesn’t dress accordingly for the events.”

“All that money but always manages to look like an airhead wearing a prom dress off SHEIN,” noted one unimpressed user.

However, Chalamet appeared not to mention his girlfriend while accepting his award at the prestigious awards bash.

HEIDI Klum is up to her gold tricks as she takes a dip in the sea in a shiny bikini.

The 52-year-old model was pictured enjoying the sun, sea and sand in the Caribbean island of St Barts.

She was also seen holding hands with her musician husband Tom Kaulitz, 36.

Kaulitz is a German musician who has been dating Heidi since March 2018.

The pair were first spotted together on 14 March leaving Delilah in West Hollywood.

Last month, The Sun told how Heidi and fellow model Stella Maxwell took a pet dog for walkies on the catwalk.

SILVER SIRENS

Heidi Klum, 52, and Stella Maxwell, 35, stun in silver as they film on beach

HELLO HEIDI!

Heidi Klum goes topless in just thong bikini bottoms on St Barts beach

The pair were both glammed up in silver while strutting with Stella’s pet Trip, a chihuahua terrier mix.

They were on set filming for Germany’s Next Topmodel series in LA.

Heidi wore a plunging gown with a see-through skirt, while Stella, 35, was in a slashed minidress.

Stella calls Trip her “most treasured possession”.

A week previously, Heidi changed tack and joined forces with Robbie Williams at the World Cup 2026 draw in Washington DC.

She donned two different dresses, switching up from a red sparkling number to a black blouse and diamante skirt.

She hosted the World Cup draw alongside comedian Kevin Hart and actor Danny Ramirez at the John F Kennedy Center for the Performing Arts in Washington DC.

And the supermodel, who previously took part in the 2006 tournament draw in her native Germany, was among the first names on the red carpet.

As Heidi switched into a third dress for the actual draw ceremony – this being a glittering gold number – things seemingly went downhill.

Gold and silver have seen a rollercoaster end to a year in which their prices are on track to record their biggest annual gains since 1979.

The price of gold soared by more than 60% this year to hit a record high of more than $4,549 (£3,378) an ounce before slipping after Christmas to stand at about $4,350 on New Year’s Eve.

At the same time, silver was trading at about $74 an ounce after hitting an all-time high of of $83.62 on Monday.

This year’s gains were fuelled by a number of reasons including expectations of more interest rate cuts, gold purchases by central banks and as investors buy so-called “safe haven” assets due to concerns about global tensions and economic uncertainty.

“Gold and silver prices are experiencing a notable rise due to the interplay of several economic, investment, and geopolitical factors,” said Rania Gule from trading platform XS.com.

The main driver of the price rises of precious metals, she added, are expectations that the US Federal Reserve will cut interest rates again in 2026.

Also this year, central banks around the world added hundreds of tons of gold to their reserves, according to the World Gold Council trade association.

Daniel Takieddine, co-founder of investment firm Sky Links Capital Group, points to “supply tightness and industrial demand” for helping to push up the price of silver.

China, which is the world’s second biggest producer of silver, has said it would restrict the export of the precious metal.

In October, China’s Ministry of Commerce announced new restrictions on exports of silver as well as the metals tungsten and antimony to “to step up the protection of resources and the environment”.

Responding to a post on social media about Chinese government restrictions on silver exports, Tesla boss Elon Musk said: “This is not good. Silver is needed in many industrial processes.”

Mr Takieddine also highlighted the large amounts of money that have flowed into the precious metals market through investments like exchange-traded funds (ETFs).

ETFs are baskets of investments that trade on a stock exchange like a single stock. They can be seen as a convenient way to trade precious metals as investors do not have to take possession of physical bullion.

Ms Gule said she expects gold to continue to rise in 2026 but “at a more stable pace compared to the record highs observed in 2025”.

Silver also has the potential to rise again in the coming year, said Mr Takieddine. But he warns “rallies may be followed by sharper corrections.”

The crumbling cliff edge is just metres away. An automatic blind, which I can operate without getting out of bed, rises to reveal an ocean view: the dramatic storm-surging North Sea with great black-backed gulls circling nearby and a distant ship on the horizon. A watery gold sunrise lights the clouds and turbulent grey water.

I’m the first person to sleep in the new Kraken lodge at Still Southwold, a former farm in Easton Bavents on the Suffolk coast. It’s a stylish wooden cabin, one of a scattering of holiday lets in an area prone to aggressive coastal erosion. The owner, Anne Jones, describes the challenges of living on a coast that is rapidly receding in the face of climate-exacerbated storms: the waves have eroded more than 40 hectares (100 acres), and the family business “is no longer a viable farm”. Instead, it is home to low-carbon cottages and cabins, “designed to be movable when the land they stand on is lost to the sea”. The latest projects include a sea-view sauna and a ‘dune hut’ on the beach for reflexology treatments “with the sea and waves as the backdrop”.

By train, bus and on foot, I’m here for the beaches, marshes, heathland and villages. Arriving at sunset, Still Southwold feels wild and remote, with lapwings flapping through the twilight like huge bats, but Southwold pier is just an easy 10-minute walk away. Heading to the bus stop next morning, I notice plumes of spray behind the beach huts. Waves are crashing over the concrete promenade near the pier. There’s a contrast between the brightly painted row of huts, with their candy stripes and stained-glass dolphins, and the heaving, uncontainable ocean behind them. It’s a worrying sign, as the path I’ve chosen today is only walkable at low tide. Erosion means the official coast path between Lowestoft and Southwold has been mostly rerouted inland and the soft cliff edges are perilous.

A 20-minute bus ride from the end of Pier Avenue brings me to Kessingland, a village just south of Lowestoft. Heading for the coast, with supplies from Bushells Bakery, I soon reach Rider Haggard Lane. The author of King Solomon’s Mines, H Rider Haggard, spent several summers in a holiday home on the cliffs in Kessingland, where he was visited by his friend Rudyard Kipling. Haggard planted marram grass to stop the sea encroaching and, climbing down steps on to the beach, I find there’s still a wide marram-grass-covered band of shingle. The sandy cliffs include layers of clay and fossil traces of steppe mammoths, hippos and sabre-toothed cats.

At the far end of the beach, near flood management works, a Natural England sign warns that the beach-walking route from here to Southwold is impassable near Easton Bavents. The owners of Still Southwold give visitors a code for a gate between their clifftop farm and Covehithe Beach. I press on, looking warily at the mess of washed-up kelp and driftwood that winter waves have hurled on to the land.

A hardy hiker is heading the other way in shorts, with a battered rucksack. He’s one of only three people I meet all day, and I check the state of the beach ahead. Is it safe? Is it walkable? “There’s a storm surge,” says the hiker. “The tide’s been much higher than expected. The wind’s from the north and the North Sea’s wider at the top than the bottom – it’s like someone blowing on a teacup.” The image stays with me all day, intensified by the milky-brown colour of the water, as the giant-tea-cooling waves roll into the sandy shore.

Benacre Broad is unexpectedly lovely. A loop of woods and marshes surrounds a beautiful and fragile lake, cut off from the sea by a shifting bank of sand and shingle, decked with salt-bleached roots and tree trunks like a natural sculpture garden. The coast here has retreated more than 500 metres in the last couple of centuries, and salt water now often breaches the bird-rich lake. I eat my sandwich in the sheltered bird hide, listening for resident warblers in the reeds, but hear only the roar of the sea.

The atmospheric ruins of a huge medieval church stand on the cliffs above Benacre. St Andrew’s, Covehithe is now just the tall 14th-century tower and a smaller thatched building, under decaying arches, with the old octagonal carved font inside. At the end of the lane from church to coast, a red warning sign says “Footpath Closed” where the old coastal path ends abruptly on the collapsed cliff edge.

Later, the warm bar of the Swan in Southwold is extra welcome after a chilly day on windswept beaches. There’s port-laced mulled wine on offer, as well as creamy Baron Bigod brie from the Fen Farm Dairy or slow-cooked Blythburgh pork with apple.

Next day, I meet friends in the scone-scented Bloom cafe on Southwold High Street and we stroll across Southwold Common to Walberswick. We’re following a section of the nightjar waymarks of the Sandlings Walk, a long-distance hike through surviving fragments of heathland between Southwold and Ipswich. Since medieval times, 90% of what was once a continuous stretch of Suffolk heath has been lost.

The last autumn colours are glowing across Walberswick Common, with its bracken and birch trees. We head back along boardwalks by the Dunwich River, remembering the drowned town of Dunwich not far away under the waves, a kind of Suffolk Atlantis. The wind has dropped today and the marsh is full of noises: the sudden trilling of a Cetti’s warbler and the rare song of a bearded tit from the miles of whispering reedbeds. We cross the Blyth estuary by rowing boat ferry for lunch at the harbourside Sole Bay Fish Company, before heading back towards Southwold as the sun sets.

Accommodation was provided by Still Southwold (cabins from £617 for three nights) and transport by Greater Anglia (singles from Norwich to Lowestoft £10.10, advance singles from London to Lowestoft from £17).