Gold edges higher on softer dollar ahead of key US-China trade talks
Gold prices surged over 1% on Friday, buoyed by a weaker dollar and market anticipation surrounding U.S.-China trade talks. Spot gold reached $3,340.29 an ounce, marking a 3.1% weekly gain and a 27% rise year-to-date. Trump’s tariff comments and geopolitical tensions between India and Pakistan further fueled gold’s appeal as a safe-haven asset, despite potential […]
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin’s resurgence above $100,000 signals a renewed appetite for risk.
US-China trade talk optimism drives oil prices to weekly gains
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
US Stocks end flat as investors await US-China trade talks
Wall Street saw a quiet end to the week as investors awaited U.S.-China trade discussions. Donald Trump suggested tariff adjustments before the meeting in Switzerland. The Dow, S&P 500, and Nasdaq experienced slight weekly declines. Energy sector showed gains, while healthcare faced losses. Federal Reserve officials highlighted economic risks from tariffs. Expedia shares dropped after […]
Global stocks, Bitcoin rally on renewed trade deal hopes
Global stocks showed strength, nearing six-week highs. This followed a US-UK trade agreement, boosting hopes for tariff talks. India offered tariff cuts to the US, seeking exemptions. Germany’s Dax hit a record high. The US-UK deal is seen as a positive sign for trade relations. Investors shifted from bonds to stocks. Bitcoin reached its highest […]
Europe’s Stoxx up marginally, Germany’s DAX hits record high on hopes of easing trade tensions
European stock markets saw gains. Germany’s DAX reached a record high. Investors felt relieved by signs of a possible ease in the global trade war. U.S. and China are expected to discuss trade. BP shares increased following takeover speculation. Energy and resources sectors performed well. Commerzbank and Mediobanca also saw gains. Bavarian Nordic shares jumped […]