Afghanistan

China and Pakistan on Thursday collectively contacted the Islamic Emirate to take && noticeable and verifiable & actions against terrorist groups in Afghanistan.The joint declaration was issued during Pakistani President Asif Ali Zardari&& s check out to China.The two sides consented to keep close interaction and coordination on the concern of ...

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Category: Afghanistan

Published: 06 February 2025

Read more: [Afghanistan] - China, Pakistan call on IEA to take 'visible and verifiable' actions against...

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Gold costs eased on Thursday as the dollar regained some ground, although issues over the U.S.-China trade war kept the safe-haven bullion close to a record high level hit in the previous session.Spot gold was 0.4% lower at $2,854.39 per ounce by 0802 GMT, after striking an all-time peak of $2,882.16 in the previous session, Reuters reported.U.S ... Gold prices eased on Thursday as the dollar restored some ground, although issues over the U.S.-China trade war kept the safe-haven bullion close to a record high level hit in the previous session.Spot gold was 0.4% lower at $2,854.39 per ounce by 0802 GMT, after striking an all-time peak of $2,882.16 in the previous session, Reuters reported.U.S. gold futures shed 0.6% to $2,875. The dollar index, which measures the greenback versus 6 significant rivals, was up 0.2%.&& Investors are attempting not to miss this rally as they put their position since they are happy with the returns. That&& s the reason it&& s (gold) hitting successive highs,& & said Soni Kumari, a commodity strategist at ANZ.&& Bullion might hit the $3,000 level quickly & hellip; However, what might make the marketplace combine will be some clarity on trade ties or relieving trade tensions.&& On Wednesday, China filed a World Trade Organization complaint against U.S. President Donald Trump&& s new 10 %tariff on Chinese imports.A trade war between the world&& s 2 biggest economies might weigh on worldwide development and increase inflation, benefiting the bullion even more as it is considered a safe financial investment throughout financial and geopolitical turmoil.&& The gold bull market looks set to continue under Trump 2.0 with trade wars and geopolitical stress strengthening the reserve diversification/de-dollarization pattern and supporting EM official sector gold need,& & Citi stated in a note.&& Global growth issues are also set to raise ETF and over-the-counter financial investment demand.&& U.S. Federal Reserve officials likewise indicated the big policy uncertainty around tariffs and problems arising from the early days of Trump&& s administration as amongst the leading challenges in finding out where to take the monetary policy in the months ahead.Market focus is now on U.S. weekly out of work claims data, due at 1330 GMT, and the non-farm payrolls report on Friday, which could offer insights into the economy&& s overall strength.Spot silver dropped 1.3% to $31.91 per ounce, and palladium fell 0.4% to $985.48. Platinum acquired 0.2% to $981.74. The post Gold holds near record peak as trade jitters buoy safe-haven need initially appeared on Ariana News.

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Category: Afghanistan

Published: 06 February 2025

Read more: Gold holds near record peak as trade jitters buoy safe-haven demand

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