DNV recognized as a Notified Body for Certification under In Vitro Diagnostic Regulation (IVDR)
OSLO, Norway, May 8, 2025 /PRNewswire/ — DNV, the independent assurance and risk management provider, has been recognized by the European Commission as a notified body for the certification of devices under the European Union's In Vitro Diagnostic Regulation (IVDR). The designation increases capacity for certifying in vitro diagnostic devices and providing access to the … Continue reading "DNV recognized as a Notified Body for Certification under In Vitro Diagnostic Regulation (IVDR)"
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Mint
4 hours ago
- Mint
Gold retreats from near four-week peak as dollar ticks up
(Reuters) - Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the metal, although uncertainty over the U.S.-China trade agreement kept investors cautious and limited the bullion's decline. Spot gold fell 0.5% to $3,362.57 an ounce, as of 0429 GMT, after hitting its highest level since May 8 earlier in the session. U.S. gold futures were down 0.3% to $3,386.60. The metal gained about 2.7% in the previous session, marking its strongest daily performance in more than three weeks. "Dollar recovered slightly and gold came down so it has been inversely correlated at this point of time," said Brian Lan, managing director at GoldSilver Central, Singapore. However, gold is still closely tracking developments around global trade, and while investors have slightly reduced their positions in gold, it is not to the extent seen in previous instances when tensions appeared to ease, said Lan. The U.S. dollar index recovered slightly from a six-week low. Trade-related uncertainty remains a key focus. U.S. President Donald Trump and Chinese President Xi Jinping will likely speak this week, the White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. U.S. tariffs on imported steel and aluminum are scheduled to double to 50% on Wednesday, coinciding with the Trump administration's deadline for countries to submit their best offers in trade negotiations. The European Commission said on Monday it would make a strong case this week for the U.S. to reduce or eliminate tariffs despite Trump's decision to double import duties on steel and aluminum. Elsewhere, spot silver fell 1.9% to $34.12 an ounce, platinum edged up 0.1% to $1,064.66 and palladium was down 0.1% at $986.10. (Reporting by Anmol Choubey in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)
NDTV
5 hours ago
- NDTV
For Volatile Trump, Trade Pacts With China, Europe Prove Elusive
US President Donald Trump is eager to land more trade deals, but talks with China and Europe continue to languish amid communications breakdowns and fresh tariff threats. So far there has been few signs of a breakthrough with either of the two biggest American trading partners. In recent days, the path forward has only grown more complicated, with Trump engaging again in trade brinkmanship and pronouncements that have fueled tensions. Friction between the US and China increased as Beijing claimed Washington had "seriously undermined" a recent tariff truce and threatened to defend its interests - hinting at possible retaliation. That came as the Trump administration accused the Chinese government of dragging its feet on lifting export controls on rare earths the US saw as a linchpin of the deal. The White House on Monday sought to push ahead with efforts to arrange a call between Trump and his counterpart Xi Jinping to ease tensions, with White House Press Secretary Karoline Leavitt saying she expected the leaders to speak this week. But representatives of the Chinese president have yet to publicly reciprocate interest. Meanwhile, the European Union issued a fresh warning of countermeasures if Trump follows through on his tariff threats. The European Commission, which handles trade matters for the bloc, slammed Trump's promised 50% levy on steel and aluminum, saying it would undermine efforts to reach a resolution on trade barriers. Retaliatory measures are ready if no deal is reached, EU officials warned. This is a modal media could not be loaded, either because the server or network failed or because the format is not supported. Trump's negotiating style is driven by his fundamental faith in tariffs as an economic tool to reshape global trade, as well as a belief that outsized threats would help deliver maximum results during the 90-pause on his April 2 higher duties to allow time for negotiations. Thus far, that approach has delivered limited results. Aside from the pause with China, the president has reached a broad framework with the UK. Deals with other major partners that the president and his advisers have promised for weeks have yet to materialize. Despite the recent tumult, Trump's team has projected optimism that his approach will work. Leavitt argued Monday that Trump's threats brought the EU to the negotiating table and that the White House remains "hopeful and optimistic" they will reach a deal. "As you know, we are in discussions with many other countries around the world as well who understand the need to cut a good deal with this president and the administration," she added. Trump's tariffs are also under legal threat after the US Court of International Trade ruled last week that the majority of the levies were issued illegally and ordered them blocked. The ruling was paused by an appeals court to give the body time to review it. If the trade court ruling is upheld, it would deal a major setback for Trump's economic agenda and his ability to wield leverage with foreign capitals. Still, US officials have pointed to some opportunities for progress. US Trade Representative Jamieson Greer is set to meet with his European counterpart this week in Paris. If a call between Trump and Xi does materialize, it would be their first known conversation since January, before Trump's inauguration. Investors are watching the turbulent negotiations warily. European stocks edged lower Monday as global trade tensions rose. On Wall Street, stocks wavered as the tariff agenda caused market angst. As firms pulled back in the face of tariffs, US factory activity contracted and a gauge of imports hit a 16-year low. The fragile détente between the US and China has been under threat in recent weeks as the US has taken a series of actions that frustrated the Chinese government. The Trump administration announced it planned to start revoking visas for Chinese students. Officials have also moved to restrict the sale of chip design software and critical US jet engine parts to China, and crack down on Huawei Technologies Co. exports. US Treasury Secretary Scott Bessent has said a call between Trump and Xi might be necessary to move forward. On Sunday, he expressed confidence that a direct conversation between Trump and Xi will help the two nations iron out some of their issues. "I think we're going to let the two principals have a conversation, and then everything will stem from that," he said on CBS News' Face the Nation. Trump's complaints about the EU are longstanding. He recently accused the bloc of slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations. He threatened a higher 50% tariff on the bloc starting June 1, but delayed it until July 9 after a phone call with Commission President Ursula von der Leyen.
Time of India
7 hours ago
- Time of India
Gold hovers near four-week peak on weaker dollar, trade concerns
Gold prices saw a rise, reaching a near four-week high. This increase is due to a weaker dollar and uncertainty surrounding the United States-China trade deal. Gold prices climbed to a near four-week high, buoyed by a weaker dollar and escalating U.S.-China trade tensions, increasing demand for the safe-haven asset. Uncertainty surrounding trade negotiations and geopolitical concerns, including discussions between Russia and Ukraine, further supported gold's upward momentum. Other precious metals saw mixed performance, with silver declining while platinum and palladium gained. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold edged up to hit a near four-week high on Tuesday, as a weaker dollar and rising uncertainty over the U.S.-China trade deal boosted demand for the safe-haven asset FUNDAMENTALS Spot gold inched up 0.1% at $3,381.13 an ounce, as of 0038 GMT, after hitting its highest level since May 8 earlier in the session.* The metal gained about 2.7% in the previous session, marking its strongest daily performance in more than three weeks.* U.S. gold futures was up 0.3% to $3,406.10. * The U.S. dollar index touched a more than one-month low, making gold cheaper for buyers holding other currencies.* U.S. President Donald Trump and Chinese President Xi Jinping will likely speak this week, White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions.* The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Trump said he would double import duties on steel and aluminium to 50%.* The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters.* Meanwhile, Russia told Ukraine at peace talks on Monday that it would only agree to end the war if Kyiv gives up big new chunks of territory and accepts limits on the size of its army, according to a memorandum reported by Russian media.* Elsewhere, spot silver fell 0.4% to $34.67 an ounce, platinum rose 0.4% to $1,067.40 and palladium was up 0.2% to $990.76. DATA/EVENTS (GMT) 0145 China Caixin Mfg PMI Final May 0900 EU HICP Flash YY May 0900 EU HICP-X, F, E, A, T Flash MM, YY May 0900 EU Unemployment Rate April 1400 US Factory Orders MM April.
