From kitco.com | 23 min ago
Gold prices arent benefiting from lower rate hike expectations because market participants are worried about the Iran conflict, while Indias new import controls are causing 10% price premiums on domestic silver even as demand languishes, according to precious metals analysts at Heraeus. In their latest update, the analysts noted that gold prices have ...
Were back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted forward guidance the market usually knew what to expect. Warsh does not think forward guidance ...
President Trump announced a 10% "global tariff" just hours after the Supreme Court struck down his blanket tariffs in February. But that stopgap maneuver under Section 122 of the Trade Act of 1974 came with the authority to levy duties for 150 days. That clock is set to run out. Absent a move by Congress to extend the tariffs which is highly unlikely ...
Andreas Steno and Mikkel Rosenvold are back to examine whether Kimi AI's latest breakthrough is reshaping the AI investment narrative, assess the latest escalation in the Iran conflict and what it means for energy markets, and unpack Donald Trump's renewed accusations against China.
From dailyforex.com | 3 hr ago
Silver is trying to stabilize, but this is still the kind of market that feels heavy every time it rallies. Buyers are trying to establish a foothold, yet the broader tone remains pressured as the US dollar stays firm and traders continue to think in terms of higher rates in the United States. That is the real tension here. Precious metals can attract ...
From argusmedia.com | 4 hr ago
Yemen's Houthi rebel group said on 20 July that it was imposing a ban on maritime navigation linked to Saudi Arabia, framing the move as a response to what it described as the kingdom's ongoing blockade of Yemen and military aggression against the country. The move could threaten not only crude exports from Saudi Arabia's Red Sea terminal of Yanbu, but also ...
UK's Chancellor Reeves resigns. It has been the privilege of my life to serve as the Chancellor of the Exchequer. The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years. Stability restored, investment delivered and reform to our economy under way. I said when I was appointed Chancellor that I would judge my time in office if the lives ordinary working class people have been improved. Im proud to say that they have. And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams. I wish the...
Burnham to Seek Flexibility Within UKs Existing Fiscal Rules UK's PM Burnham: I would never take risks with the economy, recommits to fiscal rules. UK's PM Burnham: looking at the personal allowance threshold for income tax, changing it has significant consequences. Burnham Says It's Too Soon To Consider Increasing The Highest Tax Rate. Breaking: Andy Burnham has said that he will use "any flexibility" in the government's fiscal rules in a move that could allow him to borrow billions of pounds to invest in infrastructure. Experts have said that Burnham could raise an extra £16 billion for infrastructure after a change in the definition of public debt in the rules. The National Wealth Fund and other financial institutions are able to make loans or buy stakes in companies without affecting the public debt target. Burnham said: "I've said we'll stick to the fiscal rules and by that I mean the existing fiscal rules and use obviously any flexibility w...
From moneycheck.com | 4 hr ago
The yellow metal continues trading around the $4,000 threshold as market participants weigh escalating global tensions against the possibility of elevated borrowing costs that could dampen demand for the safe-haven asset. Spot gold advanced 0.2% during Mondays session, settling at $4,024.09 per ounce. Gold futures contracts similarly appreciated, reaching ...
Senior Iranian Source: Mediators Have Proposed A 10-day Cessation Of Strikes To Find Ways To Revive The Iran-us Interim Deal
Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
Houthis Announces 'sea Navigation Ban' On Saudi Arabia HOUTHIS ANNOUNCE SEA NAVIGATION BAN ON SAUDI ARABIA **Key Points:** - Houthi forces declare a sea navigation ban targeting Saudi Arabia - Ban set to take effect Monday - Reported by Bloomberg A major escalation in Red Sea tensions that could disrupt regional shipping lanes and Saudi maritime trade. #Houthis #SaudiArabia #RedSea #GeopoliticalRisk
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