Gold Gains After Fed's Warning of Uncertainty to Economy From Tariffs
2347 GMT — Gold is higher in early Asian trade after the Fed warned of uncertainty to the economy coming from tariffs. The precious metal tends to perform well during periods of economic uncertainty. However, price gains may be capped by expectations of a meeting between U.S. and Chinese officials in Switzerland on Thursday. BofA Global Research's supply/demand model suggests that gold can trade comfortably above $3,000/oz, but not above $3,500/oz for now, particularly if trade disputes ease, its Global Commodity Research team says in a note. Spot gold is 0.2% higher at $3,373.34/oz. (ronnie.harui@wsj.com)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
18 minutes ago
- Bloomberg
Germany to Sign Off on Corporate Tax Cuts to Help Revive Growth
Germany's cabinet is set to pass a package of tax breaks for companies worth an estimated €46 billion ($52 billion) on Wednesday as part of a broader push to revive an economy that's forecast to stagnate for a third straight year in 2025. Chancellor Friedrich Merz's ruling coalition — comprising his conservative CDU/CSU bloc and the Social Democrats — agreed on write-offs of as much as 30% for companies purchasing movable assets between the end of June this year and January 2028, according to a draft law seen by Bloomberg.
Android Authority
23 minutes ago
- Android Authority
What would your ultimate Galaxy Ultra foldable look like?
Lanh Nguyen / Android Authority 🗣️ This is an open thread. We want to hear from you! Share your thoughts in the comments and vote in the poll below — your take might be featured in a future roundup. As we head into the final half of 2025, we still expect several headlining smartphones to debut. The Pixel 10 series and the iPhone 17 line remain the main cards, but it appears that Samsung's preparing to steal the limelight. Yes, we already expected the next Galaxy Z Fold and Z Flip models to launch shortly, but Samsung has now thrown a spanner in the works. It's announced that an Ultra-branded foldable will debut this summer, perhaps as soon as July. While no name has been offered yet, we can only assume that its Z Fold will receive the moniker based on the press material. Now, the Ultra moniker is reserved for Samsung's premier device line, offering consumers the best of the best. Take the Galaxy S25 Ultra, for instance. It has the largest battery in the company's range, the best camera system, and the S Pen. So, given a Fold Ultra, can we expect this device to pack a similar trim level? Notably, Samsung teases a device in the same vein as the S25 Edge, concentrating on portability and thinness. But is a focus on design rather than features really enough to warrant the Ultra name? I'm not so sure. Here are some other questions: You're in charge at Samsung: Which features or specs would your ideal Galaxy Z Fold Ultra model include? Do you think there's room for an Ultra model in Samsung's foldable lineup, or will something have to give? Samsung's drive towards thinness is continuing. Are you a fan or detractor of this journey? Would you buy a Galaxy Z Fold Ultra over a Galaxy S26 Ultra? Be sure to vote in the poll below, too! Are you excited for Samsung's forthcoming 'Ultra' foldable? 0 votes Yes, I can't wait! NaN % Not yet. I don't know enough about the device. NaN % No. An Ultra foldable is a terrible idea. NaN % 👇Sound off in the comments: What do you think of Samsung's Ultra foldable plans?
Bloomberg
27 minutes ago
- Bloomberg
Putin's War Economy Roars Ahead and the Rest of Russia Struggles
The rift in Russia's two-track economy is becoming wider as businesses tied to President Vladimir Putin's invasion of Ukraine thrive and the rest are struggling for resources. Massive spending on the war has left growth increasingly confined to the military-industrial complex, with the imbalance in the economy underscoring how the Kremlin is ready to continue the war, but will potentially need years to return to normalcy even if the fighting stops.
