US President Donald Trump said he would reduce the 50-day deadline he gave Russian leader Vladimir Putin to reach a ceasefire with Ukraine, saying he was disappointed with his counterpart over the ongoing war. "I'm disappointed with President Putin, very disappointed with him. So, we'll have to see, and I'll reduce the 50 days I gave him to a shorter time," Trump told reporters in Scotland on Monday as he welcomed British Prime Minister Keir Starmer for a meeting. Trump earlier this month issued a 50-day deadline and threatened severe economic sanctions against Russia if it did not end...
Oil was little changed, as traders digested an initial agreement between the US and China to improve trade relations following talks in London. West Texas Intermediate held near $65 a barrel, after losing 0.5% on Tuesday, while Brent settled above $66. Washington and Beijing reached a framework deal, according to Commerce Secretary Howard Lutnick, with implementation subject to presidential approvals. The sides agreed to implement a consensus reached in Geneva in earlier talks, a Chinese official said. Crude has dropped this year as the Trump administration's aggressive trade...
Gold price clings to modest gains on Tuesday after bouncing off a daily low near the $3,300 figure as talks between the United States (US) and China appear to be progressing well, improving risk appetite among investors who are driving US equities higher. The XAU/USD trades at $3,328, up 0.10%. The market mood remains positive, fueled by the reunion between US and Chinese officials in London. Meanwhile, price action in the financial markets remains choppy as traders await the release of the latest US Consumer Price Index (CPI) figures for May. Estimates suggest that prices most likely rose,...
Gold prices are trading firm against the US Dollar (USD) on Tuesday, with the precious metal trading near the $3,350 resistance level at the time of writing. Ongoing trade talks between the United States and China continue to influence global risk sentiment, helping to stabilize the US Dollar (USD). As US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and US Commerce Secretary Howard Lutnick continue discussions with China's Vice Premier He Lifeng for the second day in London, markets remain focused on trade-related developments. Ahead of Tuesday's meeting,...
Gold prices edged up on Tuesday as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later in the week for clues on the Federal Reserve's future interest rate decision. Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling as low as $3,301.54 earlier in the session. US gold futures were up 0.1% at $3,357.20. "Gold prices found a bottom amid dip buying, although the rally lacked conviction. Fiscal concerns and Fed rate cut bets were the catalysts for the recovery," said Jigar Trivedi, senior commodities analyst at Reliance...
Silver (XAG/USD) recovered from early losses and rebounded near $36.70 from an intraday low of $36.30 during European trading hours on Tuesday (6/10). The white metal recovered amid uncertainty over the outcome of the trade talks between the United States (US) and China in London, which have entered their second day. During European trading hours, the White House has hinted that trade discussions between the two countries are going well and negotiations will continue throughout the day. Theoretically, optimism over the Sino-US trade talks will reduce demand for safe-haven assets, such as...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President Donald Trump announced Sunday while in Scotland.
The...