President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a U.S. rate increase may come soon.
Spot gold was up 0.1 percent at $1,187.70 an ounce, after hitting $1,183.76 an ounce, the lowest since May 12. U.S. gold futures for June delivery settled down $1.30 at $1,185.60.
Gold had dropped 1.7 percent on Tuesday after firmer U.S. data supported the view that the U.S. Federal Reserve may raise interest rates this year.
"Gold got hit by a double whammy yesterday, first of all from the dollar move higher, which kicked off on Friday, but also speculative data which showed a 140 percent jump as of last Tuesday," Saxo Bank's head of commodity research Ole Hansen said.
"Today we have stabilised once again ahead of the 1170/80 band of support."
Positive data on U.S. business investment spending, consumer confidence and house prices on Tuesday was in line with Fed Chair Janet Yellen's comments last week that indicated the U.S. central bank is poised to raise rates later this year.
The euro stabilized in volatile trading and stocks rose after reports that Greece and its creditors had reached an agreement that will provide it with debt relief.
"I think there's still a little bit of risk getting priced into gold, which is why it's showing consolidation," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago.
"There's not a lot of pressure to sell it and a lot of technical sellers are not going to get aggressive until it starts going below $1,175."
Tuesday's gold price drop did little to stimulate demand from price-sensitive consumers in Asia, dealers said.
"Following the overnight rout, we were expecting to see some interest from Asia during today's session, however aside from a moderate level of support courtesy of Chinese trade, interest was generally muted," MKS said in a note.