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
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
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
* Federal Reserve keeps interest rates steady
* Platinum touches lowest in nearly a month
* Silver near 4-month low (Adds details, comments and updates prices)
May 2 (Reuters) - Gold on Thursday fell to its lowest in a little over one week, after comments from U.S. Federal Reserve Chairman Jerome Powell dashed hopes of a near-term rate cut, boosting the dollar and treasury yields.
Spot gold shed 0.2 percent to $1,274.50 per ounce as of 0403 GMT, having fallen to $1,272.14, its lowest since April 24, earlier in the session.
U.S. gold futures fell 0.7 percent to $1,275.70 an ounce.
The Fed held interest rates steady on Wednesday, but emphasized on the rhetoric that it does not see a readjustment of rates in the near term.
"We know that the Fed is going to be on pause for a while, but the market was pricing in a more dovish lean towards the end of 2019," said Stephen Innes, head of trading and market strategy, SPI Asset Management.
Powell's view on inflation revived an ailing dollar on Wednesday and also prompted U.S. Treasury yields higher.
A higher interest rate increases the opportunity cost of holding non-yielding gold and pushes up the dollar and yields, leading to an inverse impact on the price of gold.
"There is a little bit of ambiguity around (Fed Chairman Jerome Powell's) inflation language in particular. He sounded almost like Janet Yellen back in 2016 when he said that inflation risk could be transitory ... So that really means the Fed is probably going to be stuck in neutral," Innes added.
Meanwhile, Asian shares also adopted a wait-and-watch approach with major centres Japan and China shut for holidays.
"Robust U.S. economic releases have eased global growth concerns as equity markets rally above 2018 highs. Strong risk appetites remain a bane for the precious metal," Benjamin Lu, analyst, Phillip Futures, said in a note.
Investors now closely monitor developments in the U.S.-China trade front with wide expectations that a deal to end a long-draw spat between the two countries could soon be realized, which may further boost risk appetite, thereby weighing on safe-haven gold.
Politico reported that the two countries are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods.
Elsewhere, silver was steady at $14.68 an ounce, holding close to a more than four-month trough of $14.57 from Wednesday, while platinum prices were unchanged at $863.90, having touched $856.50, its lowest in nearly a month, earlier in the session.
Palladium slipped 0.6 percent to $1,344.15, having touched its lowest level since Jan. 25 at $1,309.67 in the previous session. (Reporting by Arijit Bose in Bengaluru; editing by Richard Pullin & Uttaresh.V)