By Swann Collins, consultant in financial affairs – Eurasia Business News, September 1, 2025. Article no. 1758
Gold prices hit new highs recently, and overseas stocks have risen, while the U.S. markets remain closed for Labor Day.
In Hong Kong, Alibaba’s stock surged impressively—by about 19%—following better-than-expected quarterly earnings and strong growth in its AI and cloud business. This surge significantly boosted Hong Kong’s Hang Seng Index, which climbed 539 points (about 2.2%) to close at 25,617, marking one of the biggest gains in two weeks. Overall turnover in the market was very high, and there was a notable net inflow of investments into the market.
On September 1, 2025, gold prices hit new highs with gold futures trading around $3,546.8 per ounce, up about 0.87% from the previous close. The daily price range for gold was roughly between $3,506 and $3,557.1 per ounce. This surge is supported by expectations of U.S. Federal Reserve interest rate cuts and geopolitical uncertainties.
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Silver prices also rose significantly, trading at about $41.615 per ounce, marking a 2.19% increase, with its daily range between $40.555 and $41.725 per ounce. This rise is driven by expectations of lower interest rates and tight supply conditions in the silver market.
The European stock market opened positively, with the Euro Area’s main stock market index, the EU50, rising about 0.23% to 5,364 points after modest gains in August. The broader STOXX Europe 600 index also increased by roughly 0.3%. The market gains were supported by sectors such as healthcare and manufacturing, as well as optimism driven by strong corporate earnings across the continent and expectations of moderate economic growth with inflation easing closer to the European Central Bank’s targets.
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Notable stock movers included Novo Nordisk, which gained 2.9% after positive news about its weight-loss drug, and defense stocks such as Rheinmetall and BAE Systems, up 2.2% and 1.9% respectively, amid discussions of potential EU military deployments related to Ukraine. However, European long-term bonds faced pressure with yields rising, indicating some investor caution.
The French stock market index, the CAC 40 index, experienced a slight gain of 0.12%, closing around 7,713 points. The index was largely at a standstill, moving around Friday’s closing levels, as the lack of U.S. market activity due to the Labor Day holiday kept initiatives muted. Investors awaited crucial Federal Reserve data expected later in the week which could influence market direction.
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Automotive stocks notably stood out as the strongest performers within the index. Stellantis and Renault led the gains, rising about 1.12% and 1.56% respectively, buoyed by positive industry sentiment and specific company developments. The rest of the market showed mixed performances amid political uncertainties in France and cautious sentiment globally.
Meanwhile, U.S. markets remain closed for Labor Day, with S&P 500 futures little changed as investors await the reopening.
Bitcoin (BTC) trade around $108,250, marking a slight decline of about 0.5% from the previous day and reflecting concerns for the historically weak September trading period. Bitcoin showed some technical support near $107,800 but faced risks of further declines towards $100,000. Institutional ETF outflows and seasonal selling pressure were noted as influencing factors, although some large holders continued to accumulate.
Ethereum (ETH) is relatively stable with modest fluctuations around $3,430, closely tracking Bitcoin’s sentiment but maintaining support levels.
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