Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread 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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Gold edged up on Monday, holding above the psychological $1,500 level, amid concerns over slowing global economic growth as the trade war between Washington and Beijing drags on.
"Gold is trying to rebound due to fears of slowdown in the global economy and the trade talks (between the United States and China) are not going in the best ways," ActivTrades analyst Carlo Alberto De Casa said, adding the "rebound in stock markets is weak and there is still room for gold to go up."
In the latest development in the long drawn dispute between the world's biggest economies, U.S. President Donald Trump said on Friday he was not ready to make a deal with China and even called the September round of trade talks into question.
European stocks were expected to recover on Monday after a second week of losses. In early deals, futures for the pan-region Euro Stoxx 50 were up 0.69%, German's DAX was 0.6% higher and the FTSE up 0.58%.
"To achieve higher (gold) prices we need more negative surprises in the economic, financial and geopolitical side. If we don't see further escalation (in trade tensions), we are likely to see gold prices treading water or come under more pressure," Commerzbank analyst Eugen Weinberg said.
Meanwhile, Goldman Sachs said on Sunday that fears of the trade war leading to a recession were increasing and that it no longer expected a trade deal between Washington and Beijing before the 2020 U.S. presidential election.
Analysts also said dovish central banks and negative debt yields around the globe were further supporting bullion.
Gold prices rose as much as 4% last week and are up about 17% this year.
Market focus is now on the Federal Reserve annual symposium at Jackson Hole later in the week, with investors seeking greater clarity on the future path of interest rates. Traders see a 69% chance of a 25 basis-point rate cut by the U.S. central bank this September.