Gold Rises as Trade War Concerns Boost Support for Havens
The Dutch Intersection Is Coming to Save Your Life
Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests
LA Homelessness Drops for Second Year
Manhattan, Chicago Murder Rates Drop in 2025, Officials Say
Bullion was trading near $3,340 an ounce after Trump said he had reached a deal with Indonesia, imposing 19% tariff on country. The president also said levies on pharmaceuticals were likely as soon as the end of the month, while rates on semiconductors were also looming. Meanwhile, the US opened an investigation into Brazil about its 'unfair' trade practices.
The precious metal closed 0.6% lower in the previous session after a tame US inflation report fueled speculation that the Federal Reserve may keep monetary policy on hold for now. Higher rates are typically negative for non-interest bearing bullion.
Gold has been fluctuating in a relatively tight range over the past few months and remains up by more than a quarter this year. It's been supported by anxieties over the fallout of trade tensions, geopolitical conflicts, and strong inflows to exchange-traded funds and central banks.
Spot gold was 0.4% higher to $3,338.50 an ounce as of 1:02 p.m. Singapore time. The Bloomberg Dollar Spot Index dipped 0.1%. Silver edged up after pulling back over the previous two sessions from last week's 14-year high. Palladium and platinum rose.
Forget DOGE. Musk Is Suddenly All In on AI
Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot
How Hims Became the King of Knockoff Weight-Loss Drugs
The New Third Rail in Silicon Valley: Investing in Chinese AI
How Starbucks Is Engineering a Turnaround With Warm Vibes and Cold Foams
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Suns complete buyout of Bradley Beal, guard securing contract with Clippers
Bradley Beal plans to join the Los Angeles Clippers on a two-year deal for $11 million after agreeing to a buyout with the Phoenix Suns. The Arizona Republic confirmed the deal with Beal's agent, Mark Bartelstein of Priority Sports, as the second year is a player option. ESPN's Shams Charania first reported the deal. Beal averaged 17.6 points in two seasons with the Suns, who acquired him in a trade with Washington in the summer of 2023 in a deal involving Chris Paul. Phoenix was deemed a championship contender with Devin Booker, Kevin Durant and Beal, but fell way short of those expectations, failing to make the playoffs last season. Have opinions about the current state of the Suns? Reach Suns Insider Duane Rankin at dmrankin@ or contact him at 480-810-5518. Follow him on X, formerly Twitter, at @DuaneRankin. Support local journalism: Subscribe to today. This article originally appeared on Arizona Republic: Phoenix Suns finish buyout of Bradley Beal, who plans to join Clippers
Yahoo
25 minutes ago
- Yahoo
Bradley Beal, 3-time All-Star, agrees to buyout with the Phoenix Suns, AP source says
PHOENIX (AP) — Three-time All-Star guard Bradley Beal and the Phoenix Suns agreed to a buyout on the two years remaining on his contract, a person with knowledge of the deal told The Associated Press on Wednesday. The person spoke to the AP about Beal's buyout on condition of anonymity because the deal hasn't been officially announced. The move paves the way for Beal to sign a two-year, $11 million deal with the Los Angeles Clippers, ESPN reported. Beal is expected to give back $13.9 million of the $110 million he's owed from the Suns, which allows Phoenix more flexibility as it tries to rebuild its roster. The 32-year-old Beal would join a veteran Clippers roster that includes James Harden and Kawhi Leonard. Beal averaged 17.6 points over two disappointing, injury-filled seasons with the Suns. ___ AP NBA:
Yahoo
25 minutes ago
- Yahoo
Znode Wins 10 Medals in 2025 Paradigm B2B Combine
MILWAUKEE, July 16, 2025 /PRNewswire/ -- Znode, the most flexible, scalable B2B ecommerce platform, announced it has been awarded ten medals in the 2025 Paradigm B2B Combine (Midmarket Edition), including eight Gold and two Silver medals. This recognition follows the recent launch of Znode's Distributed SaaS platform, designed to deliver greater flexibility, configurability, and scalability for B2B manufacturers and distributors. The Paradigm B2B Combine, led by ecommerce analyst Andy Hoar, evaluates ecommerce platforms across 12 categories critical for B2B ecommerce. Customers cited in the Paradigm B2B Combine report praised Znode's customer service mindset and the ease of launching and managing multiple stores. Znode earned top honors in key areas such as execution, customer support, total cost of ownership, and more. Znode received eight gold medals in the following categories, supported by what customers say they value most about the platform: Ability to Execute: Znode delivers consistently on complex B2B initiatives, backed by strong technical leadership and a focused team. Customer Service & Support: Customers cite responsive, knowledgeable support teams and clear processes that ensure reliability. Total Cost of Ownership: A transparent pricing model and configurable architecture result in faster implementations and reduced maintenance. Vision & Strategy: Znode's Distributed SaaS release reflects a long-term commitment to scalable and flexible ecommerce. Content & Data Management: Robust capabilities for managing product content and data enable personalized customer experiences that drive growth. Integrations, Operations & Infrastructure: Znode's API-first architecture and distributed model streamline integration and operational control, while the Commerce Connector facilitates ERP, PIM, and CRM connectivity. Promotions Management: Business users can manage customer-specific pricing and targeted promotions without custom development. Sales & Channel Enablement: The Znode Commerce Portal and B Stores unify digital and direct channels, supporting quoting, self-service ordering, and channel partner collaboration. Znode also earned two Silver medals in: Site Search: Native site search delivers fast, accurate results using keyword, natural language, and semantic capabilities. Transaction Management: Flexible order workflows and quoting features simplify complex B2B purchasing scenarios. "Znode is particularly well-suited for midmarket B2B companies looking for an architecturally-headless .NET commerce platform capable of handling complex multi-store scenarios," said Andy Hoar, Founder of Paradigm B2B. "Znode strengthened its position this year with eight Gold and two Silver medals in the Paradigm B2B Combine." "The recognition from the Paradigm B2B Combine is an honor," says Rupesh Agrawal, CEO and Chief Product Officer at Znode. "This affirms Znode's commitment to providing manufacturers and distributors a flexible, scalable platform built for the unique complexities of B2B ecommerce." To view the full list of Znode's 2025 Paradigm B2B Combine recognitions and download the report, visit: About Paradigm B2B Paradigm B2B ( helps manufacturers and distributors navigate the evolving digital landscape by providing insights into ecommerce platform capabilities. The Paradigm B2B Combine evaluates technology vendors to help B2B companies make informed decisions based on real-world use cases. About Andy Hoar Andy Hoar is a leading authority on B2B ecommerce strategy and founder of Paradigm B2B. He has advised Fortune 100 manufacturers and midmarket B2B companies and previously served as a principal analyst at a global business advisory firm. About Znode Znode ( is the most flexible, scalable B2B ecommerce platform. Leading manufacturers and distributors choose Znode for its extensible API-first architecture, configurable B2B features, and unlimited scale. Znode is a distributed SaaS product of Amla Commerce, Inc. ( Media ContactAllison Gugala, Director of View original content to download multimedia: SOURCE Znode (A Product of Amla Commerce, Inc.)
