
Abdullah bin Zayed holds phone calls to foreign ministers of India and Pakistan
WAM
10 May 2025, 20:06 GMT+10
BU DHABI,10th May, 2025 (WAM) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held phone calls with Dr Subrahmanyam Jaishankar, Minister of External Affairs of the Republic of India, and Mohammad Ishaq Dar, Deputy Prime Minister and Foreign Minister of the Islamic Republic of Pakistan, and commended the wisdom of both sides to adhere to a ceasefire, which will benefit both nations and their peoples, and the South Asia region.
H.H. expressed his hope that this development will contribute to enhancing security and stability in the region. H.H. underscored the close historic ties between the UAE and both India and Pakistan, affirming the country's commitment to supporting their efforts to foster peace and development.
Moreover, H.H. highlighted the importance of dialogue as the most effective means to resolve crises and disputes, and to enhance relations between the two countries.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Print
32 minutes ago
- The Print
Trump's executive order doubling tariffs on steel, aluminium imports comes into effect
'We started at 25 and then after studying the data more, realized that it was a big help, but more help is needed. And so that is why the 50 is starting tomorrow,' White House economic adviser Kevin Hassett said in explaining the move at a steel industry conference in Washington on Tuesday. The increase comes into effect at 12:01 am (0401 GMT). Trump late Tuesday signed an executive proclamation that puts into effect from Wednesday his surprise announcement last week that he was taking the tariffs on steel and aluminum imports that had been in place since March to 50% from 25%. Washington, DC [US] : The U.S. tariff rate on most imported steel and aluminum will double on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their 'best offer' in bids to avoid punishing import tax rates on other goods from taking effect in early July. The increase applies to all trading partners except Britain, the only country so far that has struck a preliminary trade agreement with the U.S. during a 90-day pause on a wider array of Trump tariffs. The rate for steel and aluminum imports from the UK – which does not rank among the top exporters of either metal to the U.S. – will remain at 25% until at least July 9. About a quarter of all steel used in the U.S. is imported, and Census Bureau data shows the increased levies will hit the closest U.S. trading partners – Canada and Mexico – especially hard. They rank No. 1 and 3, respectively, in steel shipment volumes to the U.S. Canada is even more exposed to the aluminum levies as the top exporter to the U.S. by far at roughly twice the rest of the top 10 exporters' volumes combined. The U.S. gets about half of its aluminum from foreign sources. The unexpected increase in the levies jolted the market for both metals this week, especially for aluminum, which has seen price premiums more than double so far this year. With little current capacity to increase domestic production, import volumes are likely to be unaffected unless the price increases undercut demand. 'Best Offer' Due Date Wednesday is also when the White House would like trading partners to submit their proposals for deals that might help them avoid Trump's hefty 'Liberation Day' tariffs from taking effect in five weeks. Administration officials have been in active talks with a number of countries since Trump announced a pause on those tariffs on April 9, but to date only the UK deal has come to fruition. Even that agreement, which provided the basis for the carve out from the metals tariffs, is more of a preliminary framework for more talks. With just weeks remaining, the Trump team is eager to bring more deals over the line. Reuters reported on Monday that the U.S. Trade Representative was asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of U.S. industrial and agricultural products and plans to remedy any non-tariff barriers. In turn, the letter promises answers 'within days' with an indication of a 'landing zone,' including what tariff rates countries can be expected to be saddled with after a 90-day pause on the tariffs expires on July 8. At issue for most trading partners is whether they retain the current baseline rate of 10% on most exports to the U.S. after that date, or something sharply higher in many cases. White House spokeswoman Karoline Leavitt confirmed the report on Tuesday, saying: 'USTR sent this letter to all of our trading partners just to give them a friendly reminder that the deadline is coming up.' Other items requested by the Trump administration include any commitments on digital trade and economic security, along with country-specific commitments, according to the letter. (Additional reporting by Alexandra Alper in Washington; Writing by Dan Burns; Editing by Lincoln Feast.) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. Also read: Setback for Trump as US court blocks Liberation Day tariffs, says US president 'overstepped authority'


Economic Times
3 hours ago
- Economic Times
Gold price prediction: Will gold stay flat as U.S. jobs data battles trade war fears ahead of Fed signals?
Gold prices stayed flat on Wednesday as strong U.S. jobs data offset rising safe-haven demand linked to U.S.-China trade tensions. Spot gold held at $3,349.19, while U.S. gold futures stayed at $3,373.10. April saw more job openings, but also the highest layoffs in 9 months, signaling mixed labor signals. President Trump raised pressure on China with tough trade remarks and fresh tariffs. Analysts expect gold to remain between $3,300–$3,400 short term, ahead of Friday's key non-farm payrolls report. Markets await Federal Reserve policy signals, keeping gold in focus during these uncertain times. Gold prices hold steady as strong U.S. jobs data balances safe-haven demand from U.S.-China trade tensions. Spot gold remains at $3,349.19, while investors await the non-farm payrolls report and Fed signals for the next move in the gold market. Tired of too many ads? Remove Ads What's holding gold steady despite global uncertainty? How are Trump's tariffs and comments on China affecting gold? Tired of too many ads? Remove Ads Will the U.S. non-farm payrolls data change gold's direction? How much movement can we expect in gold prices? What's the latest on silver, platinum, and palladium? Spot silver dipped by 0.5% to $34.32 an ounce Platinum rose 1.1% to $1,085.50 Palladium fell 0.5% to $1,005.11 Tired of too many ads? Remove Ads FAQs: Gold prices held their ground on Wednesday, June 4, as fresh U.S. labor data showed unexpected strength, balancing out investor demand for safe-haven assets like gold due to ongoing trade tensions between the U.S. and China. As of 11:45 GMT, spot gold stood firm at $3,349.19 per ounce, while U.S. gold futures were unchanged at $3, job market gave investors some relief, yet growing global concerns—especially sharp words and tariff moves from President Donald Trump—kept gold from falling further. "U.S. labor data gave markets a bit of relief yesterday, causing a small dip in gold prices. However, tensions between the U.S. and China are still keeping risks high and gold prices supported,' said Zain Vawda, market analyst at MarketPulse by many expected gold to climb on geopolitical stress, stronger U.S. job numbers provided a counterweight. According to new data, U.S. job openings rose in April, signaling continued hiring demand. However, the same report showed that layoffs hit a 9-month high, adding a layer of uncertainty to the mixed signals suggest the labor market isn't entirely stable. Investors are watching closely to see if interest rate cuts are still on the table—or if the economy is stronger than the same day gold prices stayed steady, President Donald Trump said Chinese President Xi Jinping is 'extremely hard to make a deal with.' His comment came days after accusing China of backing out of an agreement to reduce tariffs and trade a sharp move, the U.S. doubled tariffs on steel and aluminum imports on Wednesday. The administration is also pressing trade partners to submit 'best offers' ahead of more penalties expected in early July. This backdrop is adding pressure to global trade flows and supporting demand for gold as a safe-haven eyes are now on the U.S. non-farm payrolls report , due Friday. The data could heavily influence Federal Reserve policy, particularly around interest rates.'If the data is stronger than expected, interest rate cut expectations are likely to wane, which would weigh on the gold price,' said Carsten Fritsch, analyst at generally performs well in a low-interest-rate environment. When rates are expected to drop, gold becomes more attractive to investors, since it doesn't yield interest now, analysts expect gold to trade within a fairly tight range. 'We see gold trading between $3,300 and $3,400 per troy ounce in the short term,' Fritsch the market split between upbeat labor signals and global trade worries, gold is likely to stay stuck in a range unless one side clearly tips the scale—either through surprise economic data or an escalation in trade precious metals showed mixed trends:These shifts reflect broader market caution as investors look for clarity on rate cuts, global trade, and the strength of the world U.S. jobs data offset safe-haven demand for helps predict interest rate policy, which directly impacts gold prices.


Time of India
3 hours ago
- Time of India
Gold price prediction: Will gold stay flat as U.S. jobs data battles trade war fears ahead of Fed signals?
Gold prices steady as strong U.S. jobs data offsets safe-haven demand amid rising U.S.-China trade tensions- Gold prices held their ground on Wednesday, June 4, as fresh U.S. labor data showed unexpected strength, balancing out investor demand for safe-haven assets like gold due to ongoing trade tensions between the U.S. and China. As of 11:45 GMT, spot gold stood firm at $3,349.19 per ounce, while U.S. gold futures were unchanged at $3,373.10. The job market gave investors some relief, yet growing global concerns—especially sharp words and tariff moves from President Donald Trump—kept gold from falling further. "U.S. labor data gave markets a bit of relief yesterday, causing a small dip in gold prices. However, tensions between the U.S. and China are still keeping risks high and gold prices supported,' said Zain Vawda, market analyst at MarketPulse by OANDA. What's holding gold steady despite global uncertainty? While many expected gold to climb on geopolitical stress, stronger U.S. job numbers provided a counterweight. According to new data, U.S. job openings rose in April, signaling continued hiring demand. However, the same report showed that layoffs hit a 9-month high, adding a layer of uncertainty to the picture. These mixed signals suggest the labor market isn't entirely stable. Investors are watching closely to see if interest rate cuts are still on the table—or if the economy is stronger than expected. How are Trump's tariffs and comments on China affecting gold? On the same day gold prices stayed steady, President Donald Trump said Chinese President Xi Jinping is 'extremely hard to make a deal with.' His comment came days after accusing China of backing out of an agreement to reduce tariffs and trade restrictions. Live Events In a sharp move, the U.S. doubled tariffs on steel and aluminum imports on Wednesday. The administration is also pressing trade partners to submit 'best offers' ahead of more penalties expected in early July. This backdrop is adding pressure to global trade flows and supporting demand for gold as a safe-haven asset. Will the U.S. non-farm payrolls data change gold's direction? All eyes are now on the U.S. non-farm payrolls report , due Friday. The data could heavily influence Federal Reserve policy, particularly around interest rates. 'If the data is stronger than expected, interest rate cut expectations are likely to wane, which would weigh on the gold price,' said Carsten Fritsch, analyst at Commerzbank. Gold generally performs well in a low-interest-rate environment. When rates are expected to drop, gold becomes more attractive to investors, since it doesn't yield interest itself. How much movement can we expect in gold prices? For now, analysts expect gold to trade within a fairly tight range. 'We see gold trading between $3,300 and $3,400 per troy ounce in the short term,' Fritsch added. With the market split between upbeat labor signals and global trade worries, gold is likely to stay stuck in a range unless one side clearly tips the scale—either through surprise economic data or an escalation in trade tensions. What's the latest on silver, platinum, and palladium? Other precious metals showed mixed trends: Spot silver dipped by 0.5% to $34.32 an ounce Platinum rose 1.1% to $1,085.50 Palladium fell 0.5% to $1,005.11 These shifts reflect broader market caution as investors look for clarity on rate cuts, global trade, and the strength of the world economy. FAQs: Q1. Why did gold prices stay flat despite rising trade tensions? Stronger U.S. jobs data offset safe-haven demand for gold. Q2. What role does the non-farm payrolls report play in gold prices? It helps predict interest rate policy, which directly impacts gold prices.