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Breaking: Gold price rises above $3,400 on rising Middle East tensions
The Gold Price (XAU/USD) rises to over five-month highs near $3,425 during the Asian trading hours on Friday. Rising geopolitical tensions in the Middle East and rising bets on Federal Reserve (Fed) rate cuts provide some support to the precious metal.Fxstreet
Fri, Jun 13
Israel’s Netanyahu: We targeted Iran’s main enrichment facility in Natanz
Israel's Prime Minister Benjamin Netanyahu said on Friday that Israel struck at the heart of Iran's nuclear enrichment program and nuclear weaponization program. Netanyahu also targeted Iran’s main enrichment facility in Natanz, adding that the operation will continue for as many days as it takes.Fxstreet
Fri, Jun 13
US President Donald Trump expands 50% tariffs to appliances starting June 23 - Reuters
A range of imported household appliances, including dishwashers, washing machines, refrigerators, and more will be subject to US President Donald Trump’s expanded steel tariffs starting later this month, per Reuters.Fxstreet
Thu, Jun 12
Global EV sales rise in May as China hits 2025 peak -Rho Motion
By Jesus Calero June 13 (Reuters) - Global sales of electric and plug-in hybrid vehicles rose 24% in May compared with the same period a year ago, as strength in China offset slower growth in North America, according to market research firm Rho Motion.Electric vehicle sales in China surpassed ov...Reuters
Thu, Jun 12
TREASURIES-US yields continue slide after worsening labor data
June 12 (Reuters) - U.S. Treasury yields on Thursday were lower for fourth straight session as markets absorbed economic data pointing to a worsening labor market and a moderate uptick in wholesale inflation.A $22 billion auction of 30-year bonds US30YT=RR also revealed strong demand, helping allay ...Reuters
Thu, Jun 12
California, 10 other states sue to block Trump from killing 2035 EV rules
States say U.S. Senate action was unlawfulTrump says California EV rules a 'disaster'Automakers praise action calling EV rules unworkableBy David Shepardson WASHINGTON, June 12 (Reuters) - A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of th...Reuters
Thu, Jun 12
US household wealth dropped in first quarter as tariff concerns hit stocks
By Ann SaphirJune 12 (Reuters) - U.S. household wealth fell at the end of the first quarter, Federal Reserve data showed on Thursday, dragged down by a stock market rout that has since reversed course.The net worth of households and non-profit groups shrank to $169.3 trillion as of March 31, the Fed...Reuters
Thu, Jun 12
WRAPUP 2-US labor market losing momentum; May producer inflation comes in tame
Weekly jobless claims unchanged at 248,000Continuing claims increase 54,000 to 1.956 millionProducer Price Index rebounds by 0.1% in MayBy Lucia Mutikani WASHINGTON, June 12 (Reuters) - The number of Americans filing new applications for unemployment benefits held at an eight-month high last week...Reuters
Thu, Jun 12
IMF says July forecasts to take into account trade deals, uncertainty
IMF: trade deals, tariff cuts could spark increased activityUncertainty affecting global growth prospects, IMF saysNew trade deals seen affecting July IMF forecastsBy David Lawder and Karin Strohecker June 12 (Reuters) - The International Monetary Fund said on Thursday that its next global growth...Reuters
Thu, Jun 12
US household wealth dropped in first quarter as tariff concerns hit stocks
June 12 (Reuters) - U.S. household wealth fell at the end of the first quarter, Federal Reserve data showed on Thursday, dragged down by a stock market rout that has since reversed course.The net worth of households and non-profit groups had declined to $169.3 trillion as of March 31, the Fed said i...Reuters
Thu, Jun 12
Germany's Bund yield drops to lowest since May on safe-haven flows
LONDON/GDANSK, June 12 (Reuters) - Germany's 10-year yield dropped to a near six-week low on Thursday as bonds benefitted from safe-haven flows on market jitters about trade and tensions in the Middle East, a day after soft U.S. inflation numbers. Germany's 10-year Bund yield, the benchmark ...Reuters
Thu, Jun 12
IMF welcomes Argentina reform steps ahead of end-June visit
LONDON, June 12 (Reuters) - The International Monetary Fund said on Thursday that it welcomed recent measures taken by Argentina's central bank and finance ministry ahead of a visit by the Fund to the country later in June. Argentina's central bank rolled out a broad package of economic...Reuters
Thu, Jun 12
IMF says next forecasts to take into account trade deals, uncertainty
WASHINGTON, June 12 (Reuters) - The International Monetary Fund said on Thursday that its next global growth forecast in July will take into account both positive and negative trade developments but declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this wee...Reuters
Thu, Jun 12
China says it will remove all tariffs on African exports to boost trade
By Duncan Miriri NAIROBI, June 12 (Reuters) - China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.The Asian economic giant offers duty- and quo...Reuters
Thu, Jun 12
