Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Gold settled higher on Tuesday as palladium jumped to its highest level in nearly 3-1/2 years after talks to resolve a five-month strike in top producer South Africa broke down.
Wage talks between South Africa's main mine workers' union and major platinum producers were deadlocked on Monday, prompting the mining minister to abandon his mediation role and dashing hopes for an end to a strike that is pushing the economy towards recession.
Palladium, of which South Africa is the second-biggest producer, hit its highest since February 2011 at $853.75 an ounce, and last traded up 1.7 percent at $852. Platinum was up 2.4 percent near $1,478 an ounce.
for August delivery settled $6.20 higher at $1,260.10 an ounce.
, meanwhile, edged up 0.6 percent to $1,260 an ounce, gaining some traction from mixed European equities, while a firmer dollar capped gains.Gold rose around 1 percent last Thursday after the European Central Bank cut interest rates to record lows as dealers who had bet against the move rushed to cover positions, analysts said.
"You have the stock market at an all-time high. Investors are going to have to find a place to diversify their money and the precious metals are very under-owned,'' said COMEX gold options floor trader Jonathan Jossen.
U.S. bond manager PIMCO said on Tuesday gold should benefit by rising inflation and lower real interest rates.
"We find gold attractive at current valuations,'' Mihir Worah, PIMCO's deputy chief investment officer said in a note.
In other investment news, monthly data from asset manager BlackRock on Monday showed about $297 million was withdrawn from gold exchange-traded products in May as some of the heat came out of the Ukraine crisis, BlackRock said.
—By Reuters. For more information on precious metals, click here.