Gold Holds Loss as Traders Seek Clarity on Trump's No-Tariff Vow
Spot bullion held near $3,350 an ounce as markets opened in Asia, following a 1.6% drop on Monday after Trump posted 'Gold will not be Tariffed!' on social media. Futures of the precious metal in New York also held a loss of about 2.5%.
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Ray Dalio's Strategic Moves: Exiting Alibaba Group Holding Ltd with a -3.47% Impact
Exploring the Latest 13F Filing of Bridgewater Associates Ray Dalio (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Ray Dalio (Trades, Portfolio) is the Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates. The guru started Bridgewater out of his two-bedroom apartment in New York in 1975. Under his leadership, the firm has grown into the fifth most important private company in the US according to Fortune Magazine. For his and Bridgewater's industry-changing innovations as well as his work advising policymakers around the world, Ray has been called the Steve Jobs of Investing by aiCIO Magazine and Wired Magazine, and named one of the 100 Most Influential People by TIME Magazine. Dalio is also the author of The New York Times #1 Bestseller "Principles," which outlines his work and life principles, the foundation of Bridgewater's distinctive culture and the cornerstone of his and Bridgewaters success. Ray and Bridgewater also recently published "Principles for Navigating Big Debt Crises," the first public dissemination of their research on these economic events, which enabled them to anticipate the 2008 Financial Crisis. Dalio built Bridgewater using a principled-based approach, applying standard ways to deal with situations that occur over and over. With the goal of creating an idea meritocracy, he wrote a set of principles that became the framework for the firm's management philosophy. Chief among them is employing radical truth and radical transparency encouraging open and honest dialogue and allowing the best thinking to prevail. His principles were captured in a TED Talk and published in a bestselling book in 2017. As a global macro-investment manager, Bridgewater takes a diversified approach spanning more than 150 different markets. With deep expertise in portfolio construction and risk management, the firm develops insights and design strategies to deliver value to its clients through any economic environment. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Summary of New Buy Ray Dalio (Trades, Portfolio) added a total of 85 stocks, among them: The most significant addition was ARM Holdings PLC (NASDAQ:ARM), with 473,725 shares, accounting for 0.31% of the portfolio and a total value of $76.62 million. The second largest addition to the portfolio was EQT Corp (NYSE:EQT), consisting of 787,156 shares, representing approximately 0.19% of the portfolio, with a total value of $45.91 million. The third largest addition was Intuit Inc (NASDAQ:INTU), with 58,838 shares, accounting for 0.19% of the portfolio and a total value of $46.34 million. Key Position Increases Ray Dalio (Trades, Portfolio) also increased stakes in a total of 206 stocks, among them: The most notable increase was NVIDIA Corp (NASDAQ:NVDA), with an additional 4,387,154 shares, bringing the total to 7,229,134 shares. This adjustment represents a significant 154.37% increase in share count, a 2.8% impact on the current portfolio, with a total value of $1,142,130,880. The second largest increase was Alphabet Inc (NASDAQ:GOOGL), with an additional 2,558,097 shares, bringing the total to 5,600,424. This adjustment represents a significant 84.08% increase in share count, with a total value of $986,962,720. Summary of Sold Out Ray Dalio (Trades, Portfolio) completely exited 164 holdings in the second quarter of 2025, as detailed below: Alibaba Group Holding Ltd (NYSE:BABA): Ray Dalio (Trades, Portfolio) sold all 5,660,258 shares, resulting in a -3.47% impact on the portfolio. 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Mario Gabelli's Strategic Moves: iShares Core S&P 500 ETF Takes Center Stage
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Importers struggle to resell Canadian canola meal caught in China tariff crossfire
By Naveen Thukral SINGAPORE (Reuters) -Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said. Up to 400,000 metric tons of canola meal, used mainly in animal feed, is sitting in secure warehouses near Chinese ports, with importers facing a 100% duty if they release the cargoes for sale in the domestic market. "It is not viable to pay the duty, so we are looking at the possibility of re-selling it to other markets, maybe to feed-makers in Southeast Asia or South Korea," said an executive with a trading company that is one of the importers of canola meal. "But it will have to be at a discount," the person said, declining to be named as they were not authorised to speak to media. Traders said the canola meal was being offered at a discount of about 30%. The stuck cargoes underscore the struggles of agricultural companies caught in the middle of trade standoffs, at a time when Washington and Beijing's tariff war has disrupted trade in farm products including soybeans. China on Tuesday announced a preliminary anti-dumping levy of 75.8% on imports of canola oilseed from Canada, escalating a year-long trade dispute that began last August with Ottawa's tariffs on Chinese electric vehicle imports. In March, China imposed a 100% tariff on Canadian rapeseed oil, oil cakes and pea imports. "These measures show how the Chinese government is super angry with the Canadian government," said a trader at a company which runs oilseed processing plants in China. "They suddenly increased the duty to 100% on canola meal, which was not expected." Two of the traders estimated the stranded canola meal volumes at 400,000 tons, while one trader said it was around 200,000 tons. At 400,000 tons, the value of canola meal stuck at Chinese ports is worth around $120 million, traders said.
