Latest news with #USCustomsAndBorderProtection
Economy ME
6 days ago
- Business
- Economy ME
Dubai 24-carat gold prices climb to AED409 as U.S. gold futures jump to all-time high
Gold prices were on track for a second straight weekly gain on Friday as gold futures climbed to a record high after a report that the United States had imposed tariffs on imports of 1-kilogram gold bars. In Dubai, gold rates saw an uptick, with 24-carat gold rising by AED1 to AED409 and 22-carat gold increasing by AED1 to AED378.75. Furthermore, 21-carat gold climbed AED1 to AED363.25, while 18-carat gold gained AED0.75, reaching AED311.25. Globally, spot gold rose 0.20 percent to $3,394.14 as of 5:05 GMT, after hitting its highest since July 23 earlier in the session. Bullion is up 0.7 percent so far this week. Meanwhile, U.S. gold futures for December delivery were up 1.13 percent at $3,492.70, after hitting an all-time high of $3,534.10. Trump's tariffs boost safe-haven demand The price spread between New York futures and spot gold prices widened by over $100 on Thursday following reports that the United States had imposed tariffs on imports of 1-kilogram gold bars, according to a letter from U.S. Customs and Border Protection . Dated July 31, the letter stated that both 1-kilogram and 100-ounce gold bars should be classified under a customs code that carries higher tariffs. U.S. President Donald Trump's higher tariffs on imports from dozens of countries took effect on Thursday, prompting major trade partners such as Switzerland, Brazil, and India to scramble for more favorable terms. Gold, often regarded as a safe store of value during periods of political and financial instability, continues to draw support from persistent trade frictions and escalating geopolitical tensions, which are sustaining strong safe-haven demand. Fed rate cut bets surge to 91 percent Additionally, weaker U.S. payroll data last week strengthened expectations for a Federal Reserve interest rate cut, with the CME Group's FedWatch Tool placing the probability of a 25-basis-point reduction next month at 91 percent. Data also showed that the number of Americans filing new applications for unemployment benefits rose to a one-month high, signaling a slight cooling in the labor market and further reinforcing market expectations for policy easing by the Fed. Gold prices also found further support as the U.S. dollar index continued to decline, falling 0.28 percent to 98.13. A softer dollar typically makes gold prices more affordable for international buyers. Minneapolis Fed President Neel Kashkari noted that while the inflationary impact of recent tariffs remains uncertain, the central bank may need to act soon to support the slowing U.S. economy. Gold, which typically benefits in times of economic or political uncertainty and in low-interest-rate environments, continues to attract investor interest. Read: ADX welcomes first remote retail trading member with over 4 million users Other precious metals As gold prices continued to rise, the precious metals market saw mixed movement on Friday. Spot silver fell 0.29 percent to $38.20, while platinum gained 0.69 percent to $1,343.33. In addition, palladium was up 0.02 percent to $1,151.43 and copper rose 0.21 percent to $4.39.
CBC
6 days ago
- Politics
- CBC
Trans and non-binary Nexus card applicants lose 'X' gender marker
According to the Canada Border Services Agency, the U.S. Customs and Border Protection changed the application for Nexus cards in February following U.S. President Donald Trump's executive order that the U.S. will only recognize male or female on documents such as visas and passports.
Globe and Mail
05-08-2025
- Politics
- Globe and Mail
Canadians with an X gender marker will now have to select male or female on Nexus travel cards after Trump order
Canadians renewing their Nexus travel cards or applying for new ones to make it easier to cross the border to the U.S. must now say if they are male or female, even if they are transgender or non-binary. The change follows U.S. President Donald Trump's executive order that says the American government will now only recognize the male and female sex. U.S. passports and other identity documents are no longer issued with an X gender marker. Immigration lawyers said Canada's decision to force non-binary or trans Canadians to choose a male or female gender designation for Nexus raises human-rights concerns and could prompt a court challenge in Canada on constitutional grounds. The Nexus program is jointly managed by the Canada Border Services Agency and U.S. Customs and Border Protection and is designed to speed up border crossings between the two countries for low-risk, preapproved travellers. Holders of Nexus cards, which are valid for five years, can generally get through security checks more swiftly. The U.S. is continuing to recognize Canadian passports with an X gender marker, the U.S. government has confirmed. The CBSA said that valid Nexus cards with an X held by Canadians will also still be recognized. But when Canadians apply to renew their card or apply for a new one, they can no longer choose an X as their gender marker. 'New applicants are able to apply using a passport with the 'X' gender identifier, however they will be required to select 'male' or 'female' for the purposes of their NEXUS membership,' CBSA spokesperson Rebecca Purdy said. Judge halts deportation of non-binary American in ruling after Trump's gender edicts Sarah Mikhail of Smith Immigration law, which specializes in LGBTQ immigration, said it is 'very troubling' that Canada is implementing the policy. 'What we're seeing here is an example of the wide reach of the discriminatory policies of the Trump administration targeting trans and non-binary people, now reaching and impacting Canadian citizens as well,' she said. Gemma Hickey, who is non-binary and was one of the first people in Canada to have X as their gender marker on their passport, said forcing non-binary people to choose a male or female gender to get a Nexus card has 'serious implications' for Canada's transgender community. The advocate questioned why Ottawa agreed to a policy that affects Canadians' human rights. 'Our lives are being impacted significantly since Trump came into office - even Canadians,' they said. 'It's putting people in an impossible position.' Between January, 2022, and March, approximately 550 Nexus applications were submitted with X as the gender identifier, the CBSA said. Canada's Nexus card policy change followed Mr. Trump's executive order that took effect in February, the CBSA confirmed. Immigration lawyer Maureen Silcoff said the policy meant that a non-binary traveller who wants a Nexus card 'either has to accede to the gender specification or they have to choose to be excluded from the Nexus option.' 'The U.S. policy is clearly at odds with the Canadian policy on gender identity,' she added. Yameena Ansari, who represents Hannah Kreager, a young transgender American woman who has lodged an asylum claim in Canada, said 'let's call this Nexus policy what it is – a rollback of the rights of non-binary Canadians – and it's unconstitutional." American transgender woman files asylum claim in Canada after Trump's edict on gender She said Section 15 of the Charter of Rights and Freedoms guarantees equal protection under the law without discrimination, including with regard to gender. 'The Canadian government forcing a non-binary individual to misgender themselves on a government-issued document flies in the face of Section 15 of the Charter, meaning that a person or organization could sue the government, asking for the Nexus policy to be struck down,' she said. E-mails between Global Affairs officials obtained in an access to information request by researcher Ken Rubin show that earlier this year public servants discussed whether to issue a travel advisory to Canadians with an X gender marker on the Nexus changes. But the current travel advisory to the U.S. does not mention the changes.
CBS News
30-07-2025
- Business
- CBS News
Opening of Gordie Howe International Bridge could be delayed, report says
Two weeks ago, the Gordie Howe International Bridge reached a major milestone as the tower cranes that helped build the bridge were removed, signaling that construction is almost over. However, a report from the financial and analytics company S&P Global suggests that the opening of the bridge could be delayed as much as six months. The report indicates construction delays at both the Canadian and U.S. ports of entry facilities could postpone the bridge opening. According to the Windsor-Detroit Bridge Authority, work on the bridge is progressing toward its projected completion of fall 2025, with only 2% of construction work remaining. Chief Relations Officer Heather Grondin provided a statement, saying in part, "As with any major construction project, at this stage, it is too early to offer a specific opening date for the Gordie Howe International Bridge." CBS News Detroit reached out to the Canada Border Services Agency and U.S. Customs and Border Protection. CBSA provided the following emailed statement: "Handover of the buildings started in early 2025 with the CBSA receiving access to the facility to start its installation of equipment. CBSA employees have begun to occupy the port of entry buildings. The CBSA will be ready to provide services at the Canadian port of entry by the opening date." U.S. Customs and Border Protection deferred our inquiries to the Windsor-Detroit Bridge Authority. Meanwhile, similar work is happening at the 11 Canadian port of entry structures. The S&P report also noted there are delays at the Michigan Interchange, which connects the bridge to Interstate 75 in Detroit. Grondin says painting and signage installations are underway, which are part of the final steps to connect I-75 to the U.S. port of entry line.
Bloomberg
08-05-2025
- Business
- Bloomberg
Property Firm Expands Immigration, Border Bet With New Purchase
A real estate company that leases space to the US government is building out a property portfolio for work it considers 'mission critical' to the country. Easterly Government Properties Inc. bought a facility near Burlington, Vermont, that's occupied by agencies including US Customs and Border Protection and Immigration and Customs Enforcement, according to a statement Thursday. The price for the 74,549-square-foot (6,926-square-meter) property was $20 million, according to a person familiar with the matter who asked not to be identified citing private information.
