The Trump White House had ambitiously pledged to secure “90 deals in 90 days” following a partial pause in implementing what President Trump referred to as “reciprocal” tariffs. However, in reality, fewer than nine agreements are expected to be finalized by the administration’s initial deadline of July 9. What’s particularly revealing is the decision to
HSBC has revised its average gold price forecasts upward for the next two years, attributing the change to increased geopolitical tensions and robust investor demand for the metal, according to a Reuters report. The bank now projects gold to average $3,215 per ounce in 2025 and $3,125 per ounce in 2026, up from its previous estimates of $3,015 and $2,915, respectively.
June 16 (Reuters) – Gold fell more than 1% on Monday as investors locked in profits following an earlier rally to an eight-week high. Market attention shifted to escalating Israel-Iran tensions and the upcoming U.S. Federal Reserve policy meeting. Spot gold declined 1.2% to $3,392.86 per ounce by 1:53 p.m. EDT (1753 GMT), after briefly reaching
NEW YORK, June 18 (Reuters) – Oil prices ended higher on Wednesday after a turbulent trading session, as investors assessed the risk of supply disruptions stemming from the ongoing Iran-Israel conflict and the possibility of direct U.S. involvement. Brent crude futures edged up by 25 cents to settle at $76.70 per barrel, while U.S. West Texas
For the second consecutive month, the Bank of Canada is keeping the overnight interest rate at 2.75%, with Governor Tiff Macklem citing significant uncertainty surrounding the outcomes of trade negotiations. For the second consecutive month, the Bank of Canada has opted to hold its overnight interest rate at 2.75 per cent. The decision comes at
The Canadian dollar climbed to its highest level in nearly two weeks against the U.S. dollar on Wednesday, buoyed by broad weakness in the greenback and a reduced likelihood that the Bank of Canada will resume interest rate cuts next month. The loonie appreciated by 0.6%, trading at 1.3832 per U.S. dollar, or 72.30 U.S.
April 25 (Reuters) — Gold prices dropped 2% on Friday and were set for a weekly loss, pressured by a stronger dollar and signs of easing U.S.-China trade tensions. A report that Beijing had exempted certain U.S. goods from tariffs weighed on bullion.Spot gold slid 1.7% to $3,292.99 an ounce by 1:39 a.m. EDT (1739
The Bank of Canada implemented a widely expected 25-bps rate cut, lowering its benchmark rate to 2.75%. The cautious messaging that accompanied the decision was unsurprising, as markets remain focused on Trump and the escalating trade war. Ontario Premier Doug Ford is in Washington today at the invitation of Howard Lutnik, following his decision to
The Bank of Canada has lowered its policy rate by 25 basis points to 2.75% as trade tensions between Canada and the U.S. intensify. Overnight, the U.S. imposed a 25% tariff on all Canadian steel and aluminum imports—industries that generated nearly $40 billion in exports last year. Further trade restrictions are anticipated on April 2,
A declining Canadian dollar is driving more consumers to support locally made products as they look for ways to make their weakening currency go further, according to a new survey. A Bank survey released Thursday revealed that 68% of Canadians see the weaker dollar as a threat to their personal finances in 2025. In response,