Gold extended losses and fell more than 1% after U.S. President Donald Trump announced a trade deal with the United Kingdom, raising hopes of such deals with other countries.
Gold falls more than 1% after Trump announces UK trade deal
Trump heralds ‘breakthrough’ deal with UK
U.S. President Trump and British Prime Minister Starmer announced a “breakthrough deal” on trade. The deal leaves in place a 10% U.S. tariff on goods imported from the UK, while Britain agreed to lower its duties to 1.8% from 5.1% and provide greater access to U.S. goods.
First time since early February, Bitcoin retakes $100,000 on global trade deal optimism
Bitcoin topped $100,000 for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump’s trade war with the rest of the world is easing.
World stocks lose ground in choppy trade as Fed keeps rates unchanged
World stocks lost ground while U.S. Treasury yields had mixed reactions and the dollar gained some ground in choppy trading after the Federal Reserve left interest rates unchanged and warned of higher inflation and labor market risks.
Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment
The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies.
Dollar retains strength against peers after Fed rate decision
The U.S. dollar remained slightly stronger against major currencies including the yen and the euro after the Fed left interest rates unchanged, in line with market expectations. The Fed kept its benchmark interest rate steady in the 4.25%-4.50% range.