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Gold Price Forecast: XAU/USD strives to break above $3,400 amid US-EU trade tensions
Gold price (XAU/USD) ticks down to near $3,385 during the European trading session on Tuesday. Still, the precious metal trades close to an over-a-month high around $3,400. The yellow metal is broadly firm as trade tensions between the United States (US) and the European Union (EU) have escalated.
Fxstreet
Tue, Jul 22
Turkey sees any attempts to divide Syria as threat and would intervene, minister says
ANKARA, July 22 (Reuters) - Turkey sees any attempts to divide Syria as a national security threat and would directly intervene if there was such an attempt, Foreign Minister Hakan Fidan said on Tuesday.Reuters
Tue, Jul 22
PRECIOUS-Gold retreats from five-week high as investors book profits
EU explores broader counter-measures as US tariff deal prospects dimUS not rushing trade deals ahead of August deadline, Bessent saysRussia's Nornickel lowers 2025 palladium output forecast By Anmol Choubey July 22 (Reuters) - Gold eased on Tuesday as investors booked profits after prices sca...Reuters
Tue, Jul 22
Mali court rejects appeal to release four Barrick employees, judge says
BAMAKO, July 22 (Reuters) - A court in Mali on Tuesday rejected an appeal by Barrick Mining ABX.TO to release four employees arrested last November, judge Samba Sarr said, the latest development in a long-running standoff between the Canadian firm and the Mali government over taxes and ownership of ...Reuters
Tue, Jul 22
GRAINS-Corn, soy futures extend dip on crop-friendly weather forecasts
CANBERRA/PARIS, July 22 (Reuters) - Chicago corn and soybean futures extended previous session losses on Tuesday, pressured by forecasts for crop-friendly rain in U.S. grain belts this week.Wheat also weakened on expectations of plentiful global supplies.The most active corn contract on the Chicago ...Reuters
Tue, Jul 22
Canada's Enbridge to invest $900 mln in Texas solar project
July 22 (Reuters) - Energy infrastructure company Enbridge ENB.TO said on Tuesday it had reached a final investment decision to invest $900 million on a 600 megawatt solar power project in Texas, as demand for clean energy from tech companies drives growth in renewables.Meta Platforms META.O has sig...Reuters
Tue, Jul 22
Enbridge Announces 600-Megawatt Solar Project To Support Meta Platforms Data Center Operations
July 22 (Reuters) - Enbridge Inc ENB.TO:ENBRIDGE ANNOUNCES 600-MEGAWATT SOLAR PROJECT TO SUPPORT META PLATFORMS, INC. DATA CENTER OPERATIONSENBRIDGE INC - CLEAR FORK PROJECT COST ESTIMATED AT $0.9 BILLIONENBRIDGE INC - CLEAR FORK FACILITY EXPECTED TO ENTER SERVICE IN SUMMER 2027Reuters
Tue, Jul 22
Enbridge to invest $900 mln in Texas solar project
July 22 (Reuters) - Canada's Enbridge Inc ENB.TO said on Tuesday it had reached a final investment decision to spend $900 million on a 600 megawatt solar power project in Texas, as demand for clean energy from tech companies drives growth in renewables.Reuters
Tue, Jul 22
RPT-COLUMN-Holes in EU Russia sanctions put attention back on Trump oil threat: Bousso
EU sanctions unlikely to impact Russia's oil revenue severelyIndia and China may continue buying discounted Russian crudeTrump's secondary sanctions could pressure Russia but risk global oil price surgeBy Ron Bousso LONDON, July 22 - The European Union's latest effort to restrict Russ...Reuters
Tue, Jul 22
HP owed over $940 mln by Mike Lynch's estate, ex-business partner, UK court rules
Judge rules HP overpaid for Autonomy by nearly 700 mln poundsRuling comes decade after HP sued over $11.1 bln acquisitionLynch's estate expected to seek permission to appeal in NovemberBy Sam Tobin LONDON, July 22 (Reuters) - Hewlett Packard HPE.N is owed more than 700 million pounds ($944 mi...Reuters
Tue, Jul 22
RTX cuts 2025 profit forecast as tariff costs weigh
By Mike StoneJuly 22 (Reuters) - RTX RTX.N cut its 2025 profit forecast on Tuesday, as the aerospace and defense giant took a hit from U.S. President Donald Trump's trade war despite strong demand for its engines and aftermarket services.Trump's imposition of tariffs on imports of aluminum a...Reuters
Tue, Jul 22
Air India Seeking Bank Loan Of About $200 Million To Purchase Fleet Of Boeing 777 Planes From US-Based Aircraft Leasing Company- Bloomberg News
July 22 (Reuters) - AIR INDIA SEEKING BANK LOAN OF ABOUT $200 MILLION TO PURCHASE A FLEET OF BOEING 777 PLANES FROM A US-BASED AIRCRAFT LEASING COMPANY- BLOOMBERG NEWSSource text: https://tinyurl.com/22mch499Further company coverage: AIRID.ULReuters
Tue, Jul 22
PREVIEW-US exchanges set to reap windfall as market volatility fuels trading rush
By Pritam Biswas and Arasu Kannagi BasilJuly 22 (Reuters) - Major U.S. stock exchanges are expected to report higher second-quarter profits, driven by increased fee collection from record-breaking trading volumes as investors rushed to reposition portfolios hit by tariff-related volatility.Periods o...Reuters
Tue, Jul 22
High imports, soft summer demand weigh on US gasoline
Imports surge, boosting gasoline storage demandEast Coast gasoline prices drop below national averageOPEC production increase pressures oil prices lowerBy Nicole Jao and Shariq Khan NEW YORK, July 22 (Reuters) - U.S. gasoline prices could fall below $3 a gallon this summer for the first time in o...Reuters
Tue, Jul 22
HP owed over $940 mln by Mike Lynch's estate, ex-business partner, UK court rules
LONDON, July 22 (Reuters) - Hewlett Packard is owed more than 700 million pounds ($944 million) from the estate of the late Mike Lynch and his former business partner over its acquisition of their British software firm Autonomy, a judge at London's High Court said on Tuesday.HP was seeking to re...Reuters
Tue, Jul 22
Akasa Air CFO Says International Capacity Will Be Between 20% To 25% By End Of Fiscal Year
July 22 (Reuters) - AKASA AIR CFO: AIR TRAVEL DEMAND IN INDIA WILL OUTPACE SUPPLYAKASA AIR CFO: INDUSTRY CAPACITY WILL GROW AT 6%-8%, DEMAND WILL GROW MORE THAN THATINDIA'S AKASA AIR CFO: WILL REACH FLEET OF 226 AIRCRAFT BY 2032INDIA'S AKASA AIR CFO: WILL GET FIRST MAX 10 FROM 2027 ONWARDSIN...Reuters
Tue, Jul 22
UK approves Sizewell C nuclear plant after La Caisse investment
UK reaches final investment decision Canadian pension fund La Caisse takes 20% stakeUK to hold 44.9% in 38 billion pound projectBy Sarah Young and Nina Chestney LONDON, July 22 (Reuters) - Britain has secured investment for the Sizewell C nuclear plant from Canadian pension fund La Caisse, Centri...Reuters
Tue, Jul 22
