Chinese President Xi Jinping is seen huddling on the red carpet with Indian Prime Minister Narendra Modi and Russian President Vladimir Putin, before world leaders take a group photo at another session of the Shanghai Cooperation Organization meeting in Tianjin, China, on Monday. Eurasia Group China Practice Head David Meale breaks down the geopolitical significance. (Source: Bloomberg)

Silver traded above $40 an ounce for the first time since 2011 as expectations grow for an interest-rate cut by the Federal Reserve next month.

Spot silver rose as much as 1.2% to $40.2045 an ounce on Monday, with the white metal building on recent gains alongside other precious metals, including gold, that don’t pay yields. Silver has advanced more than 38% this year.

September 1st, 2025, 1:26 AM GMT+0000

Prime Minister Narendra Modi used his first trip to China in seven years to reset relations with China while also seeking to strengthen ties with Russia. Modi met Chinese President Xi Jinping in Tianjin on Sunday at a regional security and economic summit, with both sides pledging to be partners. Bloomberg’s Stephen Engle reports on Beijing’s “courting of India,” what this means for the US and how Xi is shaping ties with allies ahead of a highly anticipated military parade. (Source: Bloomberg)