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
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...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
Gold fell back towards near six-year lows on Friday, staying on track for a fourth straight weekly loss, on expectations the Federal Reserve is set to raise U.S. interest rates next month for the first time in nearly a decade.
A raft of Fed officials lined up behind a December rate rise on Thursday.
was at $1,083.21 an ounce, down 0.1 percent, having touched its lowest since February 2010 on Thursday at $1,074.26. U.S. gold futures for December delivery settled down 10 cents an ounce at $1,080.90.
Rising rates tend to weigh on gold, as they lift the opportunity cost of holding non-yielding assets while boosting the dollar. Gold has fallen more than 5 percent since the start of November, when a stronger-than-expected U.S. payrolls report fueled expectations for a near-term rate hike.
"Quite clearly, with the growing sense that there will be a December rate hike after the strong U.S. data last week, investors have been bailing out of gold," Citi analyst David Wilson said. "I suspect that is likely to continue."
Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares, fell by another 1.5 tonnes on Thursday.
The platinum group metals also came under pressure from fund selling. Holdings of platinum ETFs were at a two-year low, while assets of palladium funds were at their lowest since April 2014.
"This additional near-term supply from ETFs and other liquidation took platinum to seven-year lows and undermined palladium also," HSBC said in a note.
"While we find physical demand for the PGMs from industrial sources to be broadly steady, investors are retreating and we see no early signs of further production restraint."
Platinum was at $855.50 an ounce, down 2.1 percent, having earlier slid to its lowest since December 2008 at $854.
"PGMs are suffering with palladium having an ultimate breakdown towards critical long-term support near $518," said Amaryllis Gryllaki, sales associate for TD Securities' Global Metals in New York in a note.
"During Asia time it sold off 5 percent on less than 1,000 lots."
Palladium was down 3.9 percent at $536.50 an ounce after touching a 2-1/2-month low of $530.75. Prices of the autocatalyst metal are down more than 13 percent this week, its biggest weekly decline since May 2010.
Silver was down 0.5 percent at $14.20 an ounce, off an earlier 2-1/2 month low at $14.15.