Gold Edges Lower as Traders Track US-China Trade Talks
Gold edged lower as traders tracked the progress of US-China trade talks, with both sides signaling a willingness to make concessions.
Bullion was trading around $3,320 an ounce, after gaining 0.5% on Monday. Delegates from the world's two largest economies concluded the first day of negotiations in London, as the US indicated it may ease certain restrictions on technology exports, in exchange for assurances that China will relax limits on rare earth shipments. Negotiations are set to continue Tuesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Europe's IPO Drought Has Stock Exchanges Battling for Listings
As fewer large companies opt to go public in Europe, the region's stock exchanges are fighting harder to win the biggest listings. Stockholm, Amsterdam, Zurich and London recently went head-to-head to vie for Hellman & Friedman's initial public offering of Verisure. The Swedish exchange proved triumphant due to the €20 billion ($22.8 billion) security firm's history in the country and the strength of the local investment community, according to people familiar with the matter.
Bloomberg
23 minutes ago
- Bloomberg
Academic Publishers Sign AI Deals as Trump Cuts Research Funding
Academic publishers are rushing to sign licensing deals with artificial intelligence companies, carving out a new revenue stream as US research funding cuts dim their outlook. Informa Plc 's Taylor & Francis signed a $10 million deal with Microsoft Corp. last year to provide the tech giant access to part of its library to train large language models, or LLMs. Bloomsbury Publishing Plc is looking to 'monetize academic content through AI deals,' it said in its latest set of results, while John Wiley & Sons Inc. announced partnerships with Amazon Web Services and Perplexity earlier this year.
Bloomberg
42 minutes ago
- Bloomberg
China's Recovery 'Has Legs': Franklin Templeton's Tan
Chinese stocks trading in Hong Kong remain in bullish territory and the recovery still "has legs," Franklin Templeton Institute investment strategist Christy Tan tells Bloomberg TV's Haslinda Amin. (Source: Bloomberg)
