News
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Silver Price Forecast: XAG/USD bearish correction finds support at $34.00
Silver prices (XAG/USD) are trading lower on Tuesday’s European session, weighed by a somewhat firmer US Dollar, as the risk-off mood witnessed on Monday seems to have eased.The precious metal hit fresh six-month highs on Monday, with the US Dollar hammered by renewed tariff concerns and downbeat US
Fxstreet
Tue, Jun 3
METALS-London copper falls on concerns over potential US tariff
By Hongmei Li SINGAPORE, June 3 (Reuters) - London copper prices lost ground on Tuesday as concerns over possible U.S. tariffs on the metal weighed, although a weaker U.S. dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 shed 0.7% to $9,554 per metric ton as of 0708...Reuters
Tue, Jun 3
PRECIOUS-Gold retreats from nearly 4-week peak as dollar recovers
Donald Trump and Xi Jinping to likely speak this week, White House saysTrump administration wants countries to detail tariff ratesBy Anmol Choubey June 3 (Reuters) - Gold slipped on Tuesday, retreating from a nearly four-week high, as a modest rise in the U.S. dollar weighed, although uncertainty...Reuters
Tue, Jun 3
COLUMN-BP needs to scrap its Big Oil mentality, and its buybacks: Bousso
BP's net debt reached $27 billion by end of Q1CEO aims to reduce net debt to $14-$18 billion by 2027Shares have underperformed rivals since strategy reset in FebruaryBy Ron Bousso LONDON, June 3 - BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature...Reuters
Tue, Jun 3
PRESS DIGEST - Wall Street Journal - June 3
June 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. Federal Emergency Management Agency officials are scrapping a hurricane-response plan that its recently appointed leader, David Richard...Reuters
Tue, Jun 3
TSMC says US tariffs have some impact but AI demand robust
TSMC CEO sees US tariffs having some impact, AI demand strongTSMC has discussed tariffs with US government, CEO saysCompany has no plans to build factories in Middle EastTSMC margins impacted by Taiwan dollar's appreciationBy Wen-Yee Lee HSINCHU, Taiwan, June 3 (Reuters) - Taiwan's TSMC 2...Reuters
Tue, Jun 3
PRESS DIGEST- New York Times business news - June 3
June 3 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Harvard officials, in a new court filing on Monday, detailed the extent of cuts that the Trump administration has made to universi...Reuters
Tue, Jun 3
Silver Price Forecast: XAG/USD slumps to near $34.00 on some profit-taking
The Silver price (XAG/USD) faces some selling pressure to around $34.15 after retreating from a nearly seven-month high during the Asian trading hours on Tuesday. The white metal loses ground due to some profit-taking amid easing trade tensions.Fxstreet
Tue, Jun 3
Gold price retreats from multi-week top as a recovering USD prompts mild profit-taking
Gold price (XAU/USD) retreats from the vicinity of the $3,400 round-figure mark, or a nearly four-week peak touched during the Asian session on Tuesday and erodes a part of the previous day's strong gains.
Fxstreet
Tue, Jun 3
TSMC CEO: Tariffs Ultimately A Matter Between Governments
June 3 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd 2330.TW:TSMC CEO: WE’VE BEEN IN COMMUNICATION WITH THE U.S. DEPARTMENT OF COMMERCE ABOUT TARIFFS FROM EARLY ONTSMC CEO: WE EXPRESSED CONCERN THAT HIGHER TARIFFS WOULD INCREASE TSMC’S PRODUCTION COSTS IN THE U.S.TSMC CEO: TARIFFS ARE ULT...Reuters
Tue, Jun 3
GRAINS-Wheat drops on improved US crop rating; corn hits six-month low
USDA's spring and winter wheat ratings exceed expectationsCorn drops to lowest in six month of U.S. crop prospectsAgRural raises forecasts for Brazil's 24/25 corn, soybean cropsBy Naveen Thukral SINGAPORE, June 3 (Reuters) - Chicago wheat slid on Tuesday, giving up some of previous sessio...Reuters
Tue, Jun 3
TECHNICALS-CBOT soybeans may fall toward $10.22
For more technical analyses, please click SINGAPORE, June 3 (Reuters) - The CBOT soybean July contract SN25 may break support of $10.33-1/2 per bushel and fall toward $10.22.A brief bounce triggered by the support has been quickly reversed. The reversal signals a continuation of the wave C toward a ...Reuters
Tue, Jun 3
Gold Surges Toward $3,400 — Is the Familiar Gold Rush Back Amid Trump’s Tariff Shocks?
TradingKey - With U.S.-China trade tensions resurfacing and the U.S.-EU tariff conflict escalating, global gold prices surged nearly $100 per ounce on Monday, approaching the key $3,400/oz. Analysts believe that a weaker U.S. dollar and policy uncertainty from Washington will continue to support...TradingKey
Tue, Jun 3
Tsmc CEO: Outlook For The Next Five To Ten Years Is Very Good
June 3 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd 2330.TW:TSMC CEO: WE HAVE ESTABLISHED A SYSTEM TO COMMUNICATE WITH OUR CUSTOMERS’ CUSTOMERS TO BETTER UNDERSTAND MARKET DEMANDTSMC CEO: ALL AI CUSTOMERS HAVE TO WORK WITH USTSMC CEO: REGULARLY COMMUNICATING WITH TAIWAN AND U.S. GOVERNME...Reuters
Tue, Jun 3
Tariffs have some impact, but AI demand still outpaces supply, TSMC CEO says
HSINCHU, Taiwan, June 3 (Reuters) - The chief executive of Taiwanese chipmaker TSMC 2330.TW said on Tuesday that U.S. tariffs are having some impact but demand for artificial intelligence (AI) remains strong and continues to outpace supply.The company's CEO C.C. Wei made the comments at its annu...Reuters
Tue, Jun 3
