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Gold slips as Trump delays tariffs on EU, thin holiday trading keeps action subdued
Gold price drops more than 0.50% on Monday amid the lack of demand for haven assets after United States (US) President Donald Trump delayed tariffs on the European Union (EU). In the meantime, trading remains thin due to the closure of the United Kingdom (UK) and US financial markets for holidays.
Fxstreet
Mon, May 26
More tremors force Ivanhoe to suspend copper output forecast at Congo mine
JOHANNESBURG, May 26 (Reuters) - Ivanhoe Mines IVN.TO said on Monday it had suspended its output forecast for this year after seismic activities at its giant copper mine in the Democratic Republic of Congo halted underground mining operations.The Canadian miner said guidance for the Kamoa-Kakula min...Reuters
Mon, May 26
Silver consolidates near $33.50 after breakout, eyes $34.50 next
The Silver (XAG/USD) pair starts the week on a steady footing, hovering near $33.40 during the American trading hours on Monday, after gaining nearly 4% in the previous week on the back of a bullish technical breakout and renewed safe-haven demand.
Fxstreet
Mon, May 26
Canadian miner Ivanhoe suspends copper output forecast at Congo mine
JOHANNESBURG, May 26 (Reuters) - Ivanhoe Mines IVN.TO said on Monday is suspended its output forecast for this year after seismic activities at its copper mine in the Democratic Republic of Congo halted underground mining operations.The Canadian miner said guidance for Kamoa-Kakula mine, initially s...Reuters
Mon, May 26
After reprieve, EU still in fix to find trade deal to satisfy Trump
EU seeks mutually beneficial trade deal with WashingtonU.S. demands unilateral concessions to cut goods trade deficitEU Commission says leaders' call has given new impetus to talksBy Philip Blenkinsop BRUSSELS, May 26 (Reuters) - The European Union may have won a reprieve from U.S. President ...Reuters
Mon, May 26
Baghdad sues Iraqi Kurds over US energy deals
Oil and gas long a source of tension between two sides Legal challenge latest blow to resumption of oil exportsHalted pipeline once handled about 0.5% of global oil supply Iraq, ally of both US and Iran, wary of being caught in middleBy Maha El Dahan and Ahmed Rasheed BAGHDAD, May 26 (Reuters) - ...Reuters
Mon, May 26
India's dairy sector pushes for safeguards in US trade talks
By Rajendra Jadhav and Amit Dave MUMBAI, May 26 (Reuters) - India, the world's largest milk producer, must protect millions of small dairy farmers in its trade talks with the United States to avoid market disruption from any surge in U.S. imports, industry officials said.India is negotiating ...Reuters
Mon, May 26
Gold falls nearly 1% after Trump extends tariff deadline on EU goods
Trump extends EU trade talk deadline to July 9Citi upgrades its zero-to-three month gold price target Markets in the United States and Britain closed By Anmol Choubey May 26 (Reuters) - Gold prices fell nearly 1% on Monday after U.S. President Donald Trump dropped his threat to impose 50% tariffReuters
Mon, May 26
Barrick says Mali government's attempt to take over its gold mine is 'unlawful'
TORONTO, May 26 (Reuters) - Canadian miner Barrick Mining ABX.TO said an attempt by the Mali government to take over the company's Loulo-Gounkoto gold mine in the country is "unlawful". Mali's military-led interim government has asked the local court to appoint a provisional administ...Reuters
Mon, May 26
US EPA wants to erase greenhouse gas limits on power plants, NYT reports
WASHINGTON, May 24 (Reuters) - The U.S. Environmental Protection Agency has drafted a plan to eliminate all limits on greenhouse gases from coal and gas-fired power plants in the United States, the New York Times reported on Saturday, citing internal agency documents.The EPA argued in its proposed r...Reuters
Mon, May 26
MediPharm Labs Begins Production Of First Order For International Expansion Of Novel Cannabis Metered Dose Portfolio In EU And United Kingdom
May 26 (Reuters) - Medipharm Labs Corp LABS.TO:MEDIPHARM LABS BEGINS PRODUCTION OF FIRST ORDER FOR INTERNATIONAL EXPANSION OF NOVEL CANNABIS METERED DOSE PORTFOLIO IN THE EU AND UNITED KINGDOM UNDER BLACKPOINT SALES AND DISTRIBUTION AGREEMENTReuters
Mon, May 26
RPT-COLUMN-Soft China dampens Asia LNG demand while Europe's imports ease: Russell
By Clyde Russell SINGAPORE, May 26 (Reuters) - Asia's imports of liquefied natural gas stagnated in May while Europe's continued to ease as demand in both of the world's top-importing regions entered the seasonal slump between winter and summer peaks.Imports of the super-chilled fuel ...Reuters
Mon, May 26
Iraqi oil ministry sues Kurdish region's government over contracts with US firms, sources say
BAGHDAD, May 26 (Reuters) - The Iraqi federal government's oil ministry has sued the government of the semi-autonomous Kurdistan Region of Iraq over oil and gas contracts it signed with U.S. firms, three sources said and a document showed.The fresh legal challenge is the latest hurdle in efforts...Reuters
Mon, May 26
India's dairy sector pushes for safeguards in US trade talks
By Rajendra Jadhav and Amit Dave MUMBAI, May 26 (Reuters) - India, the world's largest milk producer, must protect millions of small dairy farmers in its trade talks with the United States to avoid market disruption from any surge in U.S. imports, industry officials said.India is negotiating ...Reuters
Mon, May 26
France, Vietnam sign deals worth $10 billion as Macron visits Hanoi
Macron meets Vietnam's leaders in first visit to HanoiAirline VietJet agrees to buy 20 more Airbus planesDeals cover defence, satellites, nuclear energy, vaccinesVisit comes amid trade tension with WashingtonBy Francesco Guarascio and Phuong Nguyen HANOI, May 26 (Reuters) - France and Vietnam...Reuters
Mon, May 26
Asia Naphtha/Gasoline-Naphtha crack falls, gasoline below $11/bbl
NEW DELHI, May 26 (Reuters) - Asia's naphtha refining profit margin declined on Monday after underlying prices rose in tandem with crude oil benchmarks.The crack declined by about $3 to $84.75 per metric ton over Brent crude and the backwardation between first-half July and first-half August car...Reuters
Mon, May 26
PRECIOUS-Gold falls after Trump extends tariff deadline on EU goods
Trump extends EU trade talk deadline to July 9Dollar hits one-month low vs rivalsGold expected to retest $3,500/oz in coming months, analyst saysBy Anmol Choubey May 26 (Reuters) - Gold prices fell on Monday after U.S. President Donald Trump reversed course on his threat to impose 50% tariffs on ...Reuters
Mon, May 26
Less than 5% of Gaza's cropland is useable, UN assessment shows
GENEVA, May 26 (Reuters) - Less than 5% of Gaza's cropland can be cultivated due to damage and access restrictions, "exacerbating the risk of famine in the area", according to a U.N. assessment published on Monday."This level of destruction is not just a loss of infrastructure – it i...Reuters
Mon, May 26
Italy's Enel to raise US green energy capacity with wind farms swap
MILAN, May 26 (Reuters) - Italy's biggest utility Enel ENEI.MI has signed a swap deal with U.S. Gulf Pacific Power covering some wind farm assets which will boost its net consolidated green capacity in the United States by 285 megawatts, it said on Monday.WHY IT'S IMPORTANTThe deal is part o...Reuters
Mon, May 26
