Asian stocks opened higher Monday with the US and China set to resume trade negotiations, while positive jobs data in the world’s largest economy eased recession fears. Equities in Japan and and South Korea opened higher while contracts for the S&P 500 index were flat after the gauge closed at its highest since February. Yields … Read more
Gold prices rose more than 1% on Monday as the dollar weakened and as U.S. Treasury Secretary Scott Bessent reaffirmed President Donald Trump’s tariff threats, boosting safe-haven demand amid renewed trade tensions. FUNDAMENTALS * Spot gold was up 1.4% at $3,247.40 an ounce as of 0025 GMT. U.S. gold futures gained 2% to $3,251.90. * … Read more
US President Donald Trump’s tariffs on Canada, China, and Mexico drew criticism from investor Warren Buffett, who called the move an “act of war.” Trump announced the tariffs on Monday, stating they would take effect Tuesday. Canada and Mexico, he said, cannot avoid them. The tariffs, which take effect on Tuesday, are expected to impact … Read more