Israel and Iran continued intense bombardments on one another’s territories for the third day, with no sign of a reprieve and growing concerns over a wider conflict in one of the world’s key oil-producing regions.
General News
Gold and silver prices await US-Russia meeting
Top representatives of the US and Russia are scheduled to meet to discuss ending the war in Ukraine. Despite the prospects of a Russia-Ukraine peace deal, a sense of caution prevails as any decision could be taken without the presence of Ukrainian and European leaders.
Russian and American officials will meet in Saudi Arabia in the coming days
US and Russian officials will meet in Saudi Arabia in the coming days to launch talks aimed at ending Moscow’s nearly three-year war in Ukraine, a US lawmaker and a source familiar with the planning said on Saturday.
Opec and Russia Reach Deal to Cut oil Production by 10m Barrels a Day
Opec and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.
Gold Futures Score Highest Finish in Over 6 Years – Gold Silver Reports
Gold Silver Reports (GSR) – The precious metal has rallied 11% this year, with much of the move occurring in the last several months, as concerns around slowing global growth and U.S.-China trade tensions took hold among investors. It continued to tick up on Wednesday after President Donald Trump said he intended to nominate two dovish candidates to the Federal Reserve’s board of governors.
Trump says Tariffs on $200 Billion of Chinese Goods will Increase to 25%, Blames Slow Progress in Trade Talks
Gold Silver Reports (GSR) – In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”
China-U.S. Trade Talks ‘Making a Final Sprint’: State Media
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.